Tuesday, April 23, 2024
spot_imgspot_imgspot_imgspot_img
HomeNewsCBN To Hold First MPC Meeting Under Cardoso Next Month

CBN To Hold First MPC Meeting Under Cardoso Next Month

The Central Bank of Nigeria (CBN) says its Monetary Policy Committee will hold its first meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024.

ALSO READ: Admission Into HND Mass Com 2024/2025 Academic Session Scrab Out

The announcement follows a two-day strategic session for members of the Monetary Policy Committee (MPC) in preparation for the meeting in February.

Confirming this in Abuja on Friday, the Acting Director, Corporate Communications Department of the CBN, Mrs. Hakama Sidi Ali, disclosed that the session is aimed at brainstorming and engaging in an in-depth discussion about the committee’s objectives.

She revealed that the critical focus areas during the retreat included deliberations on the strategic plan to effect necessary improvements in the monetary policy transmission mechanism.

According to her, the sessions were facilitated by former MPC members, monetary policy communication specialists at the IMF, and Directors of Departments critical to the MPC process.

“The valuable insights gained from these discussions will significantly contribute towards the robustness of the forthcoming MPC meetings,” she noted.

Meanwhile, a calendar of meetings of the Monetary Policy Committee (MPC) for 2024 published on the CBN website indicates that the meetings have been scheduled for February, March, May, July, September and November 2024.

President Bola Tinubu appointed Cardoso as the governor of the CBN in October last year, replacing the embattled Godwin Emefiele.

Since Cardoso’s appointment and subsequent confirmation by the Senate, the CBN’s Monetary Policy Committee has not held any meeting.

CULLED FROM CHANNELS

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

sildenafil generic australia on Abandoned IDP Camp Discovered In Kaduna
Daniel Grace on WORLD DOWN SYNDROME DAY
Danjuma Saddiq on THE CONSPIRACY IN SOKOTO
Yakkon Damaryam on The War against Glaucoma
Shehu Danbaki on IMG-20181125-WA0070
Seth Yamusa on Hon Danjuma Peter Averik
Ibraheem Awowole on MEET OUR PATHFINDER FOR OSUN 2018
Amb. Hoom'Suk. on Sarauniya Beauty Pageant 2017