Terminal rate hikes on the offing

Analyst: Ibukun Omoyeni*i.omoyeni@vetiva.comIn the third meeting of the year, the Cardoso-led Monetary Policy Committee (MPC) raised the Monetary Policy Rate by 150bps to 26.25%, leaving other rates constant. In line with the Governor’s guidance at the 2023 Banker’s Committee dinner, the apex bank has delivered a cumulative 750bps hike in H1’24, in a bid to…

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