Nigeria’s central bank postpones MPC meeting again

The Central Bank of Nigeria has again postponed the meeting of its monetary policy committee despite the surge in inflation.

This is according to a report which quoted the CBN’s Director of Corporate Communications, Isa Abdulmumin, who said, “MPC is not holding” this week in a text message response.

The meeting, which was scheduled to be held on Monday and Tuesday, has been postponed for a second time since Olayemi Cardoso became governor in September.

This latest postponement will keep investors and analysts waiting a bit longer for Cardoso’s approach to surging inflation, which hits 27.33 per cent in October 2023.

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