CBN to grapple with post-war rate dilemma amid inflation threats, lower oil prices

By Chinwendu Obienyi
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to face one of its most delicate policy decisions in months as easing global oil prices following the United States-Iran ceasefire collide with persistent domestic inflationary pressures, a report from SBM Intelligence said on Wednesday.
This is coming after ceasefire agreement, which reopened the Strait of Hormuz after weeks of disruption, triggered a sharp decline in global crude prices, with Brent crude falling from a peak of about $114 per barrel to nearly $101 per barrel.
The development has eased fears of prolonged energy supply disruptions and raised expectations of mo...