Monetary Policy Rate cuts and disinflation: Banking stocks set to gain
Nigeria’s banking sector might be a big beneficiary as inflation decelerates, and markets anticipate a cut in the Monetary Policy Rate (MPR). So far in 2025, the NGX Banking Index has rallied from 7% in Q1 to 18% by June, and surged to 48% as of August 15, adding about N6 trillion ($3.9 billion) in