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CBN postpones MPC meeting for the second time amidst rising inflation

The Central Bank of Nigeria (CBN) has announced the postponement of its Monetary Policy Committee (MPC) meeting for the second time under the leadership of Governor Olayemi Cardoso.


The meeting, initially scheduled for Monday and Tuesday, has been delayed without providing a new date. Investors and analysts were keenly anticipating insights from Governor Cardoso on addressing the surge in inflation, which reached 27.33 percent in October 2023.


The decision to postpone the MPC meeting reflects the challenges faced by central banks in navigating economic uncertainties and underscores the need for a strategic approach to address inflationary pressures.


The rescheduling of the MPC meeting adds to the anticipation surrounding the CBN‘s policies and strategies to stabilize the economy and manage inflation, with stakeholders closely monitoring the central bank’s actions in response to evolving economic conditions.


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