Eid Celebrations: CBN reschedules MPC meeting


The May 2020 meeting of the monetary policy committee (MPC) of the Central Bank of Nigeria earlier will now hold on Thursday, May 28.

This is due to the Eid-el Fitr celebration.

The meeting was earlier scheduled to hold on Monday and Tuesday, May 25 and 26th.

A statement signed by Isaac Okorafor, director of CBN corporate communications revealed that the usual two-day meeting will now hold for just a day.

The committee holds its meeting once in three months to determine the baseline interest rate for the economy.

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