The Central Bank of Nigeria
(CBN), Deputy Governor in charge of Economic Policy, Sarah Alade, has assured that the bank expects Britain’s
vote to exit the European Union (EU) would be good for its forex policy as interest
rates are likely to stay low in the U.S, thereby channelling foreign investors
to Nigeria.
“We only need to take
advantage of this opportunity to grow the economy,” she said.
Britain voted to exit the
EU, spreading jitters across emerging markets including Nigeria.
Quitting the EU could cost
Britain access to the EU’s trade barrier-free single market and means it must
seek new trade accords with countries around the world.
This was as the apex bank
requested for bid-offer quotes from currency traders on Monday as it sold
dollars on the interbank market to boost liquidity.
No comments:
Post a Comment