Central Bank of Nigeria (CBN) has announced that its 297th Monetary Policy Committee (MPC) meeting will take place on September 23 and 24, 2024, at its headquarters in Abuja.
Gatekeepers News reports that the two-day meeting is expected to unveil key monetary policy decisions, including strategies to combat inflation, which currently stands at 32.15%.
The MPC will review the country’s economic and financial conditions and determine the appropriate monetary policy direction for the short to medium term.
“This is to inform you that the 297th meeting of the Monetary Policy Committee is scheduled to be held as indicated: Day 1: Monday, September 23, 2024 Time: 10:00 am. Day 2: Tuesday, September 24, 2024 Time: 8:00 am.”
In recent months, Nigeria’s inflation rate has dropped for the second consecutive time in August, as reported by the National Bureau of Statistics.
Despite this, the CBN has maintained tightened monetary measures, increasing the interest rate to 26.75% in July. However, inflationary pressures persist, affecting the prices of goods and services.
