The Impact of The Interest Rate Hike on Nigeria's Economy.
The recent Central Bank Hike of interest rates from 18.5% to 18.75% is not expected to impact Financial Markets. Financial Markets expert said in an interview with Nairametrics. This also contradicts the expectation that the rally would reduce investor demand for the stock market and drive investors towards the bond market. Financial experts exclusively interviewed by Nairametrics expect more liquidity in the system with the 25 basis point hike been more cautious than the previous hikes. He said he didn't think the market will be affected. The Managing Director of Arthur Stephen Asset Management Limited, Olatunde Amorebbe reacted to the trend in an interview, noting that the interest rate hike is the highest that happened in few years back. Current interest rates are determined by several factors. The MPC is expected to raise interest rates to curb inflation while at the same time seeking to comply with President Bola Tinubu's interest rates obligations. It turns out that th...