CBN postpones MPC meeting

Bisola David
Bisola David
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The Central Bank of Nigeria has postponed the Monetary Policy Committee meeting yet again after the same was done in September.

According to Nairametrics, this development indicates that the new Governor of the CBN, Mr Olayemi Cardoso, has yet to hold the crucial rates-setting meeting since he took over the post.

The central bank postponed the meeting when Mr Cardoso was nominated to the post in September, signalling that when he takes over, this will be his first order of business.

But with almost two months at the helm of affairs at the national lender, there seems to be no direction regarding the country’s monetary policies.

“MPC is not holding,” said Mr Isa Abdulmumin, the spokesman for the bank, in a text message on Monday, according to Bloomberg.

Prior to the cancellation, the CBN website had scheduled the next gathering for Monday (today) and Tuesday.

The CBN spokesman didn’t give a date for when the next meeting will be held.

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