Grain Prices To Fall In The Coming Weeks As US Wheat Supply Increases

Proshare

Thursday, August 1, 2019 /06:30PM / by FDC Ltd


In a widely anticipated move, the US Fed voted to cut interest rates by 25bps to 2%-2.25%pa. The decision is a ‘mid-cycle adjustment’ and reminiscent of a feedback monetary policy rule –where policy responds to specific events.

Nevertheless, Nigeria stands to benefit from an interest rate cut. A decline in its interest expense, a reversal of capital flows and a rally in oil prices is positive for Nigeria’s external buffers and fiscal position.

The attached slides addresses these and other issues in the domestic and global commodity markets.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


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