Again, CBN Postpones MPC Meeting
In spite of the surge in inflation, the Central Bank of Nigeria (CBN) has again postponed the meeting of its monetary policy committee (MPC).
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This is according to a report by Bloomberg on Monday, which quoted the CBN’s Director of Corporate Communications, Dr Isa Abdulmumin, who said, “MPC is not holding” a meeting this week in a text message response.
The meeting, which was scheduled to be held on Monday and Tuesday, has been postponed for a second time since Olayemi Cardoso became governor in September.
This latest postponement will keep investors and analysts waiting a bit longer for Cardoso’s approach to surging inflation, which hit 27.33 per cent in October 2023.
