The Central Bank of Nigeria (CBN) under the leadership of its new governor, Yemi Cardoso, seems ready to hold its Monetary Policy Committee (MPC) meeting.
This is sequel to conclusion of a two-day strategic session organised for MPC members to prepare them for the meeting scheduled for Monday, February 26 and Tuesday, February 27, 2024.
The Acting Director, Corporate Communications Department of CBN, Hakama Sidi-Ali, who confirmed the schedule in Abuja on Friday, said the pre-MPC session was aimed at helping old and new members of the committee brainstorm and engage in an in-depth discussion about the committee’s objectives.
Sidi-Ali disclosed that the critical focus areas during the retreat included deliberations on the strategic plan by the CBN to effect necessary improvements in the monetary policy transmission mechanism.
The sessions, she said, were facilitated by former MPC members, monetary policy communication specialists at the International Monetary Fund (IMF), and Directors of Departments critical to the MPC process.
The valuable insights gained from these discussions will significantly contribute towards the robustness of the forthcoming MPC meetings,” she said.
Meanwhile, a calendar of meetings of the Monetary Policy Committee (MPC) for 2024 published on the CBN website showed that the meetings have been scheduled for February, March, May, July, September and November 2024.
