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).

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.