The Central Bank of Nigeria (CBN) is set to hold its first Monetary Policy Committee (MPC) meeting under the new Governor, Mr. Olayemi Cardoso.
The meeting is scheduled to hold on February 26 and 27.
To this end, the bank has held a two-day strategic session for members of the MPC.
Confirming this in Abuja on Thursday, January 18, 2024, the Ag. Director, Corporate Communications Department, Mrs. Hakama Sidi Ali, disclosed that the session aimed to brainstorm and engage in an in-depth discussion about the committee’s objectives.
She revealed that the critical focus areas during the retreat included deliberations on the strategic plan to effect necessary improvements in the monetary policy transmission mechanism.
According to her, the sessions were facilitated by former MPC members, monetary policy communication specialists at 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 noted.
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.
Source: Vanguard
