CBN postpones MPC amid rising inflation

Share Story

The Central Bank of Nigeria has, once again, deferred the meeting of its monetary policy committee despite a surge in inflation. CBN’s Director of Corporate Communications, Dr. Isa Abdulmumin, confirmed the postponement, citing the upcoming Chartered Institute of Bankers of Nigeria dinner as a possible reason.

See also  Court threatens arrest of Emefiele in fresh trouble

The event, known as ‘The Governors Day,’ is set for Friday, 24th, where Governor Olayemi Cardoso is expected to present an economic roadmap.

Economic experts express concern over the delay, emphasizing the importance of MPC meetings in providing information about the economy and guiding government policy direction.

Your Website Title Advertisement Image Advertisement (apply here)
See also  CBN highlights pressure on economy and public finance

Cordros Capital predicts a potential 100 basis points hike in the Monetary Policy Rate, signaling the CBN’s commitment to the ongoing fight against inflation.

Your Website Title Advertisement Image

Share Article

Don't Miss