Eid Celebrations: CBN reschedules MPC meeting

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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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