CBN To Hold Two-Day Monetary Policy Committee Meeting

Spread the love

READ ALSO:BREAKING: CBN makes another U-Turn, says Old Naira Notes Remain Legal Tender Till Dec 31, 2023 after FG bashing

The Central Bank of Nigeria (CBN) has scheduled the next Monetary Policy Committee (MPC) meeting between Monday and Tuesday next week.

In a Tuesday notice shared on Twitter, the apex bank said the 290th meeting would be held at the CBN Headquarters in Abuja.

The MPC is the highest policy making committee of the apex bank with the mandate including to review economic and financial conditions in the economy, and determine appropriate stance of policy in the short to medium term.

READ ALSO:Nigerians Should Be Proud Of 2023 Polls – BRITISH ENVOY

It is also empowered to review regularly, the CBN monetary policy framework and adopt changes when necessary, and communicate monetary/financial policy decisions effectively to the public and ensure the credibility of the model of transmission mechanism of monetary policy.

The committee is made up of the CBN Governor, Godwin Emefiele (Chairman); Deputy Governor, Financial System Stability, Aisha Ahmad; Deputy Governor, Corporate Services, Edward Adamu; Deputy Governor, Operations, Folashodun Shonubi; and Deputy Governor, Economic Policy, Kingsley Obiora.

It also includes Festus Adenikinju of the Department of Economics University of Ibadan; Aliyu Sanusi of the Department of Economics, Ahmadu Bello University; Robert Asogwa of the African Development Bank, Abuja; Mike Obadan of the Department of Economics and Statistics University of Benin.

READ ALSO:We Recorded Over 12.9 Million Cyberattacks On Presidential Poll, Says FG

Other members are Senior Special Assistant to the President, Development Policy, Mohammed Salisu; Security and Exchange Commission (SEC), Momodu Omamegbe; and Permanent Secretary, Federal Ministry of Finance, Aliyu Ahmed.

*For Breaking and News updates kindly send your name and location to our WhatsApp No. 09069473894, add us to your group for our news updates. IGNORE if you’re already with us*

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.