MPC September 2020: MPR Cut to Lowest Since 2016; Asymmetric Corridor Widened

September 22, 2020/Cordros Report Against market expectations, the Monetary Policy Committee (MPC), faced with the choice of reducing or leaving policy parameters unchanged, elected to:   Reduce the Monetary Policy Rate (MPR) by 100bps to 11.5%; Widen the Asymmetric corridor around the MPR to +100/-700bps; Retain the Cash Reserve Ratio […]

Daily Market Update for September 22, 2020-Cordros

September 22, 2020/Cordros Report EQUITIES The domestic bourse closed higher on the back of interest in MTNN (+2.4%), thus the ASI advanced by 0.3% to 25,654.90 points. Accordingly, the Month-to-Date gain increased to 1.3% while the Year-to-Date loss moderated to -4.4%. The total volume of trades increased by 33.6% to […]

August 2020 Inflation Report – Consumer Prices Accelerate Further

September 22, 2020/InvestmentOne Report Please click to download our August 2020 Inflation Update ·         Recently, the National Bureau of Statistics (NBS) the inflation report for the month of August 2020 which revealed that headline inflation continued its upward trend for the 12th consecutive month and the highest since April 2018. […]