CLEAN : Nigerias central bank holds repo rate

The video discusses the complexities of currency, Forex cash, and the importance of trust in currency promises. It highlights the committee's assessment of economic risks, focusing on price and output challenges. The committee decides to maintain restrictive monetary policy terms, raising the policy rate from 12% to 14% to address these risks.

What is the speaker's attitude towards Forex cash?

• They are confused or uninvolved.

• They are enthusiastic.

• They are indifferent.

• They are highly knowledgeable.

What did the committee conclude about the economy?

• The economy is declining steadily.

• The economy is stable with no risks.

• The economy faces elevated risks in price and output.

• The economy is growing rapidly.

What is the primary mandate of the committee?

• To promote international trade.

• To increase employment.

• To stabilize currency exchange rates.

• To manage economic risks and price stability.

What decision did the committee make regarding monetary policy?

• To raise the policy rate from 12% to 14%.

• To maintain the current policy rate.

• To abolish the policy rate.

• To lower the policy rate.

Why did the committee choose to retain restrictive policy terms?

• To align with international monetary policies.

• Because of limitations in their instruments regarding output.

• To encourage more spending.

• Due to a decrease in economic risks.