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Wednesday, June 19, 2024

Again CBN postpones MPC meeting 

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The Central Bank of Nigeria, CBN, has again postponed the meeting of its Monetary Policy Committee, MPC.

This was confirmed by the director of corporate communications of the apex bank, Isa Abdulmumin.

Postponement of the MPC meeting has been recorded twice Since the appointment of Olayemi Cardoso.

Recall that during the 292nd MPC meeting held on July 24th and 25th, the bank decided to tighten the economy by raising the interest rate to 18.75 percent from 18.50 percent amid rising Inflation.

Meanwhile, with Nigeria’s inflation soaring to 27.33 percent in October from 24.08 percent in July, the Country’s economy awaits the MPC decision.

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