CBN shifts MPC meeting to February 19th, 20th
admin
The Central Bank of Nigeria (CBN) yesterday shifted the 299th meeting of its Monetary Policy Committee (MPC) earlier scheduled for February 17 and 18, to Wednesday, February 19 and Thursday, February 20, 2025.
In a statement, the apex bank said the announcement puts paid to speculations around the date of the meetings amidst delays by the National Bureau of Statistics (NBS) to release the rebased Consumer Price Index (CPI).
“With a date now fixed, the attention of economic watchThe last MPC meeting held in November 2024 saw the committee members raising interest rate by 25 basis points to 27.50 per cen.The benchmark interest rate was previously pegged at 27.25 per cent in September 2024.The Governor of CBN, Olayemi Cardoso, said: “The Committee was unanimous in its agreement to raise the monetary policy rate by 25 basis points to 27.50 per cent”.
Cardoso noted that the decision to raise the country’s Monetary Policy Rate is to tackle inflation and boost exchange rate stability
ers is focused on the CBN’s MPC to ascertain if there will be a hold or hike in the monetary policy rate (MPR), going by current trends,” it said.
https://thenationonlineng.net/cbn-shifts-mpc-meeting-to-february-19th-20th/
