The Central Bank of Nigeria’s Monetary Policy Committee 2-day rate setting meeting begins today 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.
CEO, Cowry Assets, Johnson Chukwu said this is the best time to review MPR downward.
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CBN retains MPR at 13.5%, CRR 22.5%, Liquidity ratio 30%
