The Monetary Policy Committee (MPC) met on the 22nd and 23rd of July, 2019, in an environment of subdued global growth and fragile domestic economic recovery. The Committee reviewed developments in the global and domestic macro-economy.
Equities market closed today on a positive note, as NSEASI appreciated by 1.21% to close at 28,144.87 points as against 0.40% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -10.45%.
Rebounding from paucity of flows over H2 18, total net FPI flows to EMs more than tripled to $193.9 billion in the first half of 2019 (from a low of $65.1 billion in H2 18), with 77% ($148.7 billion) of the total flows channeled towards EM debt counters while equities ($45.2 billion) continues to account for a meagre share of the pie.