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Understanding the Rise in US Long-Term Rates
The rise in long-term US interest rates has become a focus of global macro-financial concerns. The nominal yield on the benchmark 10-year Treasury has increased about 70 basis points since the beginning of…
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A Future with High Public Debt: Low-for-Long Is Not Low Forever
Many countries are experiencing a combination of high public debt and low interest rates. This was already the case in advanced economies even prior to the pandemic but has become even starker in…
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How Rising Interest Rates Could Affect Emerging Markets
Emerging and developing economies are viewing rising interest rates with trepidation. Most of them are facing a slower economic recovery than advanced economies because of longer waits for vaccines and limited space for…
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What to do When Low-for-Long Interest Rates are Lower and for Longer
Central banks have played a pivotal role in easing financial conditions in response to the COVID-19 shock, and helped avert a catastrophic downturn. However, their work is far from done. Yet more monetary…
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Policy Trilemma and Interest Rate Behaviour in Nigeria
Policy makers face trade-off in dealing with exchange rate management, monetary independence and concerns about capital mobility simultaneously. This study empirically examines the effects of Nigeria’s trilemma policy path on interest rate using…
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Continuous Increase in Inflation Rate: What will the CBN Do?
Nigeria's Headline inflation increased by 12.4% (year-on-year) in May 2020, 6bps (0.06%) higher than the rate recorded in the previous month (12.34%), marking a ninth consecutive month of increase in inflation since August…
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Cashing In: How to Make Negative Interest Rates Work
By Ruchir Agarwal and Signe Krogstrup, IMF Blog / Image Credit: IMF Many central banks reduced policy interest rates to zero during the global financial crisis to boost growth. Ten years later, interest rates remain low in…
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Data on Interest Rates in Nigeria (1981-2018)
The file attached contains data on Prime Lending Rate (PLR), Savings Rate (SR) and Monetary Policy Rate (MPR) in Nigeria from 1981 to 2018. …
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Download Data on Impact of Monetary Policy on Agricultural Financing
The excel file below contains time series data on impact of monetary policy on agricultural financing from 1981 to 2017. Data on Agricultural Credit Guarantee Scheme Fund was used to measure agricultural financing…
