Experts speak on CBN’s failure to convene MPC meeting
On Monday, the Central Bank of Nigeria (CBN) postponed the crucial Monetary Policy Committee (MPC) meeting scheduled for this month, raising concerns and uncertainties among investors.
The postponement implied that the apex bank has failed to convene for the monetary rates-lending meeting in almost four months, amid naira depreciation against the dollar and soaring inflation.
The newly appointed CBN Governor, Olayemi Cardoso, has yet to hold the MPC meeting since he took over from his predecessor in September.
Analysts said that investors looked forward to the MPC meeting for signals on how the lender intends to address the nation’s inflationary trend.
While the CBN’s reluctance to hold its MPC meeting has triggered concerns and uncertainties among investors, the bank has yet to officially address the issue as of press time Tuesday afternoon.
Experts speak on CBN’s failure to convene MPC meeting
On Monday, the Central Bank of Nigeria (CBN) postponed the crucial Monetary Policy Committee (MPC) meeting scheduled for this month, raising concerns and uncertainties among investors.
The postponement implied that the apex bank has failed to convene for the monetary rates-lending meeting in almost four months, amid naira depreciation against the dollar and soaring inflation.
The newly appointed CBN Governor, Olayemi Cardoso, has yet to hold the MPC meeting since he took over from his predecessor in September.
Analysts said that investors looked forward to the MPC meeting for signals on how the lender intends to address the nation’s inflationary trend.
While the CBN’s reluctance to hold its MPC meeting has triggered concerns and uncertainties among investors, the bank has yet to officially address the issue as of press time Tuesday afternoon.
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