The Central Bank of Nigeria (CBN) has announced that its 297th Monetary Policy Committee (MPC) meeting will take place on September 23 and 24, 2024, at its headquarters in Abuja. The two-day event will focus on key economic policies, including measures to address the country’s inflation, which stood at 32.15% in August.
According to a statement released by the CBN, the meeting will review Nigeria’s economic and financial conditions and outline the appropriate monetary policy direction for the short to medium term.
“This is to inform you that the 297th meeting of the Monetary Policy Committee is scheduled to be held as indicated: Day 1: Monday, September 23, 2024 Time: 10:00 am. Day 2: Tuesday, September 24, 2024 Time: 8:00 am,” the statement read.
This announcement comes as Nigeria’s inflation rate eased for the second consecutive month, according to the National Bureau of Statistics. Despite previous efforts by the CBN, including raising the interest rate to 26.75% in July, inflationary pressures have persisted, contributing to rising costs of goods and services across the country.
The upcoming meeting is expected to introduce new strategies to stabilize the economy and curb inflation.
