The Central Bank of Nigeria (CBN) has expressed readiness to hold its first Monetary Policy Committee meeting under the new governor, Olayemi Cardoso.
The meeting will hold between 26 and 27 February, 2024.
The announcement follows a two-day strategic session for members of the Monetary Policy Committee (MPC) in preparation for the meeting in February.
Confirming this in Abuja on Friday, the Acting Director, Corporate Communications Department of the CBN, Mrs. Hakama Sidi Ali, disclosed that the session is aimed at brainstorming and engaging in an in-depth discussion about the committee’s objectives.
She 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 IMF, 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.”
Meanwhile, a calendar of meetings of the Monetary Policy Committee (MPC) for 2024 published on the CBN website indicates that the meetings have been scheduled for February, March, May, July, September and November 2024.
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