CBN Monetary Policy Committee Meeting Begins In Abuja

Central Bank of Nigeria

  

The Central Bank of Nigeria’s monetary policy committee 2-day rate setting meeting begins today in the nation’s capital city, Abuja.

It is the most anticipated meeting following the country’s descent into recession according to the national bureau of statistics.

The committee is expected to focus on the state of the economy, and decide on key monetary policy parameters.

When the committee held its last meeting in July, headline inflation was at 16.5 percent but the rate increased to 17.6 percent in August.

The CBN governor, Godwin Emefiele is expected to announce the outcome of the meeting tomorrow.

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