[Punch] CBN Postpones MPC Meeting Again
Posted: November 21st, 2023, 10:04 am
As reported by Punch news Nigeria, the apex bank CBN has postponed MPC meeting again.
https://punchng.com/cbn-postpones-mpc-m ... again/?ampThe 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.