The Central Bank of Nigeria has fixed September 23 and 24, 2024, for its 297th Monetary Policy Committee meeting.
The two-day event is scheduled for the bank’s headquarters in Abuja and is expected to roll out major monetary policies, including efforts to tackle inflation, which stood at 32.15 per cent in August.
According to a statement from the apex bank on Wednesday, the meeting will focus on reviewing the country’s economic and financial conditions and determining the appropriate monetary policy direction for the short to medium term.
“This is to inform you that the 297th meeting of the Monetary Policy Committee is scheduled to be held as indicated: Day 1: Monday, September 23, 2024 Time: 10:00 am. Day 2: Tuesday, September 24, 2024 Time: 8:00 am.”...Read Full Article [Click Here>]
This comes as the National Bureau of Statistics announced that Nigeria’s inflation eased for the second consecutive time in August.
In the past, the CBN had maintained tightened monetary measures. In July, the apex bank raised the interest rate to 26.75 per cent.
Despite the interventions, the country’s inflationary pressures had remained as Nigerians groaned over rising prices of goods and services.
