Market Review: How September 2021 MPC Meeting will Impact The Nigerian Capital Market
This edition of the 'Market Review' features Mr. Johnson Chukwu, the MD/CEO of Cowry Asset Management as he speaks on "The September 2021 MPC Meeting & Implications for The Nigerian Capital Market".
According to him, the Nigerian capital market may witness a significant paradigm shift in investments in the fixed income space.
This is due to the fact that with the FG Planned October 2021 Eurobond and other Corporate Eurobonds to come, the investors will prefer to invest in foreign-denominated assets that are not likely to be eroded by inflation and exchange rate devaluation.
For the September 2021 Monetary Policy Committee meeting, Mr. Chukwu identified three areas that will be critical to assess which include; The currency depreciation, inflation rate, and the current growth rate.