Though we will act to appropriately adjust the policy rate in line with unfolding conditions and outlooks, the CBN will continue to ensure that the policy interest rate is delicately set to balance the objectives of price stability with output stabilization; • GDP: With favorable oil price developments and continued efforts at driving indigenous production in high-impact  real  sector  activities,  especially  agriculture and manufacturing, GDP is expected to pick-up in the remaining two quarters of 2018.
It was hoped that, if not beforehand, the launch of the euro would eliminate not only the institutional barriers to the integration of the European financial markets but also the largest economic obstacle to comprehensive integration: exchange rate risk. Free movement of capital and the euro have indeed brought the European financial markets closer together.