Monetary policy: More needs to be done other than the policy – Sopitan


One of the highpoints in the world of business this week, is the bi-monthly meeting of the monetary policy committee of the Central Bank of Nigeria (CBN) holding on Monday and Tuesday.

The MPC, which will look into global market conditions as well as inflationary pressures, at its last meeting, raised the monetary policy rate (MPR), to 14 percent to tame rising inflation.

While the outcome of the MPC meeting will be disclosed by CBN governor Godwin Emefiele, the decision to either tighten, loose or hold will set the pace for crucial economic decisions until the next MPC.

To speak more on the development, Segun Sopitan business and financial  consultant joins me now. Thank you very much for joining us.

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