Despite the escalating inflation, the Central Bank of Nigeria has once again deferred the meeting of its monetary policy committee.
As reported by Bloomberg on Monday, Dr. Isa Abdulmumin, the CBN’s Director of Corporate Communications, conveyed in a text message response that the MPC will not convene this week.
Originally slated for Monday and Tuesday, this meeting’s postponement marks the second time it has been rescheduled since Olayemi Cardoso assumed the governorship in September.
Investors and analysts will now face an extended wait to discern Cardoso’s strategy concerning the soaring inflation, which reached 27.33 percent in October 2023.
