The Central Bank of Nigeria (CBN) has scheduled its 297th Monetary Policy Committee (MPC) meeting for September 23 and 24, 2024.
This two-day meeting will take place at the CBN’s headquarters in Abuja and is expected to introduce significant monetary policies aimed at addressing economic challenges, particularly inflation, which reached 32.15% in August.
In a statement released on Wednesday, the CBN emphasized that the meeting will focus on reviewing the nation’s economic and financial landscape. The discussions will guide the direction of monetary policies for the short to medium term, with inflation management as a key priority.
“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.”
This comes as the National Bureau of Statistics announced that Nigeria’s inflation eased for the second consecutive time in August.
In the past, the CBN had maintained tightened monetary measures. In July, the apex bank raised the interest rate to 26.75 per cent.
Despite the interventions, the country’s inflationary pressures had remained as Nigerians groaned over rising prices of goods and services.
