By Tony Obiechina, Abuja
The Central Bank of Nigeria (CBN) has, for the second consecutive time, postponed the Monetary Policy Committee (MPC) meeting slated for Monday and Tuesday.
This is the second time in three months the CBN monetary policy committee meeting would be postponed.
According to the MPC schedule published on the Bank’s website, the last time the bank had such a meeting was on 25 July, almost four months ago.
Since assuming Office in September, the new CBN governor, Olayemi Cardoso, is yet to hold the bi- monthly critical monetary rates-setting meeting.
However, no official reason has been adduced for Apex Bank action.
At the last MPC meeting in July, the central bank pegged the benchmark lending rate at 18.75 per cent.
Analysts say investors have been looking forward to the MPC meeting for signals on how the lender intends to address the nation’s inflationary trend. READ ALSO:
- Birthday Tribute: Dr Zacch Adedeji, The Sophisticated Leader
- Chelle To Arrive Nigeria Sunday With Three Assistants
- Police raise alarm over rising missing persons cases in Ogun
- CAF Increases CHAN 2024 Prize Money By 75%
- Tinubu celebrates NNPCL Boss, Mele Kyari at 60
According to the National Bureau of Statistics (NBS) inflation figures published last week, Nigeria’s inflation increased to an 18-year high of 27.33 per cent in October.
