CBN holds first MPC meeting under Cardoso February 26, 27

CBN Governor, Olayemi Cardoso

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria will hold its first meeting under the tenure of CBN Governor, Olayemi Cardoso, on Monday, February 26, and Tuesday, February 27, 2024.

This was made known by the Acting Director, Corporate Communications Department, CBN, Hakama Sidi Ali, on Friday, January 19.

Ali noted that the date for the MPC meeting was confirmed after a two-day strategic session for members of the committee.

She noted that the session aimed to brainstorm and engage in an in-depth discussion about the committee’s objectives.

The CBN spokesperson 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,” Ali added.

Meanwhile, a calendar of meetings of the MPC for 2024 published on the CBN website showed that the meetings have been scheduled for February, March, May, July, September, and November 2024.

The Star