@Wahaby_Agba
Meffy's regime made predicting rate hikes almost impossible. But with this regime, I think things are about to get better. Yvonne Mhango predicted a 500bps hike though.
@Wahaby_Agba
@Wahaby_Agba
in 2018/19, I remembered vividly that u were of the view that MPC must go up by about 700bps for the MPR transmission to be repaired.
@Wahaby_Agba
I called 250bps, dem still fall hand. But 400bps isn’t our place IMO. No MPC meeting in 7 months, inflation has been sprinting since then, it only make sense to make big moves, atleast to close the negative real yield gap.
@Tweet_Dammy
I completely understand, maybe they could have done 100bps at a time if there had been MPC meetings prior to now. 400bps at a go is huge. Are there more hikes on the card?