The Chief Executive Officer of Eczellon Capital Limited, Mr. Diekola Onaolapo, has predicted an increase in the Monetary Policy Rate (MPR) rate.
Onaolapo, said this in an exclusive interview with THISDAY in Lagos.
Comparing the 14 per cent benchmark MPR rate in Nigeria with other emerging markets, he held the view that with the increased capital outflow, the probability of further raising interest rate was high. He said, “The tendency it would be increased in the near term is the probability given today’s dynamics is high. So, when there are calls from certain quarters that it should be reduced, you wonder why such recommendations are being made. Read full story here