In a release on Thursday signed by Dr Isah AbdulMumin, Director, Corporate Communications Department, titled “CBN Defers September 2023 MPC Meeting”, the apex bank stated:
Analysts predict that the MPC would hike rates when it holds its next meeting considering developments in the domestic and international economies.
Although no reason was given for the shift in the date for the 5th MPC meeting in 2023, there are indications that the deferment was not unconnected with the recent changes in the leadership of the apex bank.
“The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has deferred its 293rd meeting scheduled for Monday and Tuesday, September 25 and 26, 2023, respectively.
When approved, Dr Cardoso will assume duties as the substantive 11th indigenous CBN Governor and will take over from Mr Folashodun Shonubi who has been supervising the apex bank on acting capacity since June 9, 2023 when Mr Godwin Emefiele was suspended from office by President Tinubu, about 12 months to the end of his second term as the CBN Governor.
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