How did the committee conclude about the economy's risks?
CLEAN : Nigerias central bank holds repo rate
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10th Grade - University
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Hard
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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.
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OPEN ENDED QUESTION
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What limitations did the committee consider in relation to its instruments?
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