MPC May Slack Noose As Inflation drops To 15.91%

The Monetsry Policy Committee |(MPC) may ease its policy when they meet to reflect the considerable drop in inflation rate during the month of October.
Inflation rate, a measure in the average prices of goods and services dropped to 15.91 per cent from 15.98 per cent in September 2017.
The FSDH Research had released a forecast of 15.91 per cent on 02 November 2017.
FSDH predicts that yields on the Nigerian Treasury Bills may drop marginally, with the believe that investors can take positions in longer tenored fixed income securities.
It added that equity market may appreciate further, with opportunities in banking, building materials and, food and beverages stocks.

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