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The Central Financial institution of Nigeria (CBN) has scheduled the primary Financial Coverage Committee (MPC) assembly underneath the tenure of Mr Olayemi Cardoso as governor, for 26 and 27 February.
In response to an announcement by CBN’s Appearing Director, Company Communications Division, Hakama Sidi-Ali, the apex financial institution, consequently, held a two-day strategic session for members of the MPC preparatory to the assembly.
Mrs Sidi-Ali mentioned that the session aimed to brainstorm and interact in an in-depth dialogue in regards to the committee’s aims.
She mentioned that the important focus areas through the retreat included deliberations on the strategic plan to impact needed enhancements within the financial coverage transmission mechanism.
She mentioned that the classes have been facilitated by former MPC members, financial coverage communication specialists from the IMF and administrators of departments important to the MPC course of.
“The precious insights gained from these discussions will considerably contribute in direction of the robustness of the forthcoming MPC conferences,” she mentioned.
ALSO READ: Cardoso approves CBN’s up to date service constitution
The Information Company of Nigeria (NAN) recollects that the final assembly of the MPC was held in July 2023, and was presided over by erstwhile appearing governor, Folashodun Shonubi.
On the July 2023 assembly, the MPC raised the benchmark rate of interest, referred to as the Financial Coverage Fee (MPR), by 25 foundation factors to 18.75 per cent from 18.50 per cent.
In the meantime, a calendar of conferences of the Financial Coverage Committee (MPC) for 2024 printed on the CBN web site signifies that the conferences have been scheduled for February, March, Might, July, September and November.(NAN)
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