Headlines
CBN announces date to decide on Nigeria’s interest rate
The Central Bank of Nigeria, CBN, has announced November 23 and 24 as the dates for its 308th Monetary Policy Committee, MPC, meeting in Abuja.
The apex bank disclosed this in a meeting notice issued recently.
Key decisions expected at the meeting include the country’s benchmark interest rate and measures to address inflation.
DAILY POST reports that Nigeria’s inflation rate slowed to 14.63 per cent in September, marking the fourth consecutive month of decline. However, food inflation remained elevated at 19.59 per cent, according to the National Bureau of Statistics, NBS.
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CBN announces date to decide on Nigeria’s interest rate
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