CBN MPC Meeting Cancelled

Investment and securities trading firm, FBN Quest says ”There is reputational damage to Nigeria” as the January 2018 Monetary Policy Committee meeting of the Central Bank was cancelled due to the Senate’s refusal to confirm presidency’s new nominees.
In an investment note released on Monday, FBN Quest says the MPC meeting would have kept monetary policy variables unchanged, but note the modest decline in core inflation to 12.1 percent in December.
FBN Quest says the CBN MPC has one shared agenda to fight against inflation, and that the December inflation report ”probably came as a welcome surprise” at 15.4 percent, down from 15.9 percent in November.
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January 22, 2018

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