CBN Postpones MPC Meeting To Observe Public Holiday

CBN Postpones MPC Meeting To Observe Public Holiday

Nigeria’s Central Bank Monetary Policy Committee (MPC) has shifted its last rate decision meeting for the year, in observance of the public holiday, slated to hold on Tuesday, November 20, 2018.

The two day-meeting which was earlier scheduled to hold on Monday and Tuesday will now hold on November 21- 22.

Economic analysts say they expect the MPC to keep the monetary policy rate unchanged at 14 per cent and maintain the status quo on other key parameters.

The MPC is the highest policy-making body of the Central Bank, with the mandate to review economic and financial conditions in the country’s economy.