The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will impact the growth of the Nigerian economy. This is according to the Central Bank Governor, Olayemi Cardoso.
Expressing concerns about the impact of previous MPC meetings on the economy, he said the MPC will complement the fiscal side and ensure that it moves the economy in the right direction.
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The CBN in January announced the scheduling of the MPC meeting under the leadership of Mr Cardoso for 26 and 27 February. The announcement came six months after the last MPC meeting last July.
Expressing the need for synchronised efforts between monetary and fiscal authorities, Mr Cardoso explained the MPC’s crucial role in steering the economy in the right direction. He also expressed optimism about the CBN’s renewed emphasis on stabilising prices and controlling inflation.
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