cbn statement, 2011-09-19
Sixth, I am not convinced that interest rate hike at this point will address some of the core challenges such as (a) the likely AMCON effects; (b) the FAAC Effects; (c) banking system risks of exposure to government debts (FGN Bonds and Treasury Bills); (c) excessive Federal Debts and distortions in spending structures or (d) subsisting inefficiencies in the financial system indicated by the excessively high overheads and, high interest rate spreads.
Sentiment: neutral
Topic: mp_economic_activity