CBN set to hold first MPC meeting under Cardoso

The Central Bank of Nigeria has held a two-day strategic session for members of the Monetary Policy Committee.

This session is preparatory to their first meeting in the tenure of Olayemi Cardoso as the Governor of the CBN.

The meeting is scheduled for February 26 and 27, 2024. 

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Confirming this in Abuja on Friday, the Acting Director, Corporate Communications Department, Hakama Sidi-Ali, disclosed that the session brainstormed and engaged in an in-depth discussion about the committee’s objectives.

Sidi-Ali 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 International Monetary Funds, 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 MPC for 2024 published on the CBN website indicated that the meetings have been scheduled for February, March, May, July, September and November 2024.