CBN Set To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) has held a two-day strategic session for members of the Monetary Policy Committee (MPC), preparatory to their first meeting under the tenure of Mr. Olayemi Cardoso as Governor of the apex bank, scheduled for Monday, February 26 and Tuesday, February 27, 2024.

Acting director, corporate communications department, CBN, Mrs Hakama Ali, said the pre-MPC meeting session was aimed to brainstorm and engage 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 Ali, the sessions were facilitated by former MPC members, monetary policy communication specialists at the IMF, and Directors of Departments critical to the MPC process.

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“The valuable insights gained from these discussions will significantly contribute towards the robustness of the forthcoming MPC meetings,” she said.

A calendar of meetings of the MPC for 2024 published on the CBN website indicates that the meetings have been scheduled for February, March, May, July, September and November, 2024.