MPC meeting begins in Abuja today

The Central Bank of Nigeria’s Monetary Policy Committee 2-day rate setting meeting begins today Monday 22nd in the nation’s capital city, Abuja.

Members of the committee are expected to deliberate on the state of the economy, and decide on key monetary policy parameters.

The meeting comes at a time the country’s inflation eased from 11.4% in May to 11. 2% in June.

Governor of the CBN, Godwin Emefiele, will announce details and outcome of the meeting to the media on Tuesday.

Nigeria’s Monetary Policy Rate currently stands at 13. 50%.

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