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[Punch] CBN Postpones MPC Meeting Again

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Posts: 68
 Loru
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(@loru)
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Joined: 2 years ago

As reported by Punch news Nigeria, the apex bank CBN has postponed MPC meeting again.

The Central Bank of Nigeria has again postponed the meeting of its monetary policy committee despite the surge in inflation.

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.

https://punchng.com/cbn-postpones-mpc-meeting-again/?amp


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Jrd
Posts: 1064
 Jrd
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(@jrd)
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Joined: 2027 years ago

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.

What could be the reason for this? :thinking:


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Righteous1
Posts: 21
(@righteous1)
Eminent Member
Joined: 2 years ago

They did this for reasons best known to them, possibly selfish reasons.


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Jrd
Posts: 1064
 Jrd
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(@jrd)
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Joined: 2027 years ago

They did this for reasons best known to them, possibly selfish reasons.

Lets look at it this way: what's the difference between when it doesn't hold and when it holds but all indices are left as is? Is the first not better?

:money:


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Posts: 15
(@gold21)
Active Member
Joined: 2 years ago

It is well with them


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