Rates at the I&E window also appreciated from nearly $ in May 2017 to just over $  NGN – USD Convergence Across the Various Markets 400. 375. 350. 325. 300. 27/11/20  07/03/21  15/06/21  23/09/21  NGN Spot NIFX Index  01/01/22  11/04/22  20/07/22  28/10/22  NAFX Index 6m NDF  17.
The new agenda will require letting go of a number of the simplifications and assumptions that have made our models tractable and delving into literatures related to – but not necessarily considered traditional – monetary economics. But the developments of the past two years have highlighted both the strengths and weaknesses of the previous research agenda.