According to a statement by CBN’s Acting Director, Corporate
Communications Department, Mrs Hakama Sidi-Ali, the apex bank , consequently,
held a two-day strategic session for members of the MPC preparatory to the
meeting.
Sidi-Ali said that the session aimed to brainstorm and
engage in an in-depth discussion about the committee’s objectives.
She said that the critical focus areas during the retreat
included deliberations on the strategic plan to effect necessary improvements
in the monetary policy transmission mechanism.
She said that the sessions were facilitated by former MPC
members, monetary policy communication specialists from the 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.
The News Agency of Nigeria (NAN) recalls that the last
meeting of the MPC was held in July 2023, and was presided over by erstwhile
acting governor, Folashodun Shonubi.
At the July 2023 meeting, the MPC raised the benchmark
interest rate, known as the Monetary Policy Rate (MPR), by 25 basis points to
18.75 per cent from 18.50 per cent.
Meanwhile, a calendar of meetings of the Monetary Policy
Committee (MPC) for 2024 published on the CBN website indicates that the
meetings have been scheduled for February, March, May, July, September and
November.
0 comments:
Post a Comment