Should the CBN Print Money To Finance Fiscal Deficits?, By Nasiru Aminu

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Since inflation will be one of the consequences of printing more money, it means that the naira will be further weakened.

As an import-dependent economy, a weakened currency will create further shocks for the economy, especially if there are existing problems in the foreign exchange market.

Secondly, monetisation is easier if it is interest-free, but this is not the case here. The CBN is also paying interest on existing bank reserves. Advanced economies currently monetising public deficits have reduced their interest rates to near 0 per cent. Excessive spending would crowd out private investment, though this may not be an issue if the central bank keeps low-interest rates. The CBE reduced its interest rate from 18.75 per cent in 2017 to 8.5 per cent in 2020.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

On whose authority was the 60 billion printed, don’t come asking for permission from anyone it what you have been doing

Breaking News: Tension in Aso rock as Mazi Nnamdi Kanu will be on air tomorrow being the 5th of May 2021. 7pm Biafran time. DSS has haired Russians scientist to attack the frequency but Biafra scientist's are equal to the tax ahead is gona be hot.

No. But printing money isn't a bad idea.

대한민국 최근 뉴스, 대한민국 헤드 라인