DTN-22-7-19

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Expectations high as MPC begins 268th meeting today Expert wants MPC to reduce interest rate amid inflation decline

Motolani Oseni, Lagos Expectations are high as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins the 268th meeting of the committee scheduled to hold from today, Monday, July 22 to Tuesday, July 23, 2019. This is even as a financial expert has urged the MPC to reduce the Monetary Policy Rate (MPR) by 50 basis points. The MPC had at its last meeting warned the Deposit Money Banks (DMBs) against

investing money in Federal Government Bonds (FG Bonds) and Treasury Bills (TBs) instead of giving it to the private sector as credit. This, the MPC said, was part of its effort to trigger growth in the economy, lower inflation pressure, given the recent data of April inflation (11.37% as against March figure of 11.25%). Speaking at the end of the two-day meeting, the CBN Governor, Godwin Emefiele, who presided over the bimonthly meeting in Abuja, said that Continued on page 3

MONDAY, JULY 22, 2019

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Farmers/herders clashes politically motivated – Miyetti Allahg 5 NO. 996

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PDP, Presidency trade words over $1bn ECA fund www.dailytimes.ng

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Show how you spent $1bn security fund, PDP challenges Buhari You’re under a ‘socio-emotional distress, Presidency taunts opposition party

Civil servants protesting with a mock coffin against alleged unpaid salaries and Governor Yahaya Bello’s second term proposition, at Yagba West Local Government Area in Kogi State, at the weekend.

Social media g 3 poses threat to security, says Africa intelligence chiefs

g4 Falana, Balarabe Musa warn against ethnic profiling of criminals

Stop interfering in Edo, OdigieOyegun tells Oshiomhole g 10

N’Assembly g 11 will provide purposeful leadership, Lawan assures


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DTN-22-7-19 by Dailytimes - Issuu