CBN MPC’s Last Call For 2021 Leaves Policy Rate At11.5 Per cent

CBN MPC’s Last Call For 2021 Leaves Policy Rate At11.5 Per cent

Author: Africa Business Radio November 22, 2021 Duration: 22:27
News Express
Business
The Last Central Bank of Nigeria's Monetary Policy Committee meeting in September saw members vote unanimously to leave the policy rate of 11.5 per cent and other parameters unchanged with the hope that a held posture would allow the recovery of output growth and the downward trend in inflation to continue smoothly.
For the sixth and final time in 2021, the committee is gathering again today (Monday) and tomorrow (Tuesday) to decide on major economic parameters in the face of recent domestic macroeconomic developments
Unsurprisingly, though, a myriad of economic analysts have in their assertions noted that the MPC at this final bi-monthly gathering for 2021 will, in the face of output expansion and moderating inflation, stick to the use of unorthodox tools within its arsenal, as all corners of the domestic economy lighting green, will give it no room for rates manoeuvring when members emerge from the gathering.

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