CBN postpones Monetary Policy Committee meeting

1 min


0
CBN postpones Monetary Policy Committee meeting


The first meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for 2020, earlier scheduled for Monday and Tuesday respectively, has been postponed
The spokesperson of the CBN, Isaac Okorafor, who announced the shift of the MPC schedule in a statement on Monday, said the new schedule for the meeting is Thursday and Friday, January 23 and 24, 2020.
Although Mr Okorafor expressed regrets for any inconvenience the shift in the schedule may cause members of the committee in particular and the public in general, he did not give reasons for the decision.
The meeting, which usually holds every quarter, except during emergencies, enables members to proffer advice to the apex bank on how to attain the monetary policy objectives of price and financial system stability in support of the economic policy of the federal government.
READ ALSO: IPPIS Registration: ASUU meets Buhari at Presidential Villa
The committee includes the CBN Governor as chairman and his deputies in charge of operations, economic policy, financial system stability and corporate services as members.
Other members include two members of the Board of Directors of the CBN; three members appointed by the president and two members appointed by the Governor of the CBN
During their meetings, the MPC undertakes the review of economic and financial conditions in the economy; determines the appropriate stance of policy in the short to medium term, particularly in determining the monetary policy or lending rate; reviews the CBN monetary policy framework and adopts the necessary changes.

Advertisement



Source link


What's Your Reaction?

hate hate
4
hate
confused confused
2
confused
fail fail
6
fail
fun fun
6
fun
geeky geeky
5
geeky
love love
3
love
lol lol
4
lol
omg omg
2
omg
win win
6
win
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Image
Photo or GIF
Gif
GIF format