By Modupe Gbadeyanka
The Central Bank of Nigeria (CBN) has started its last Monetary Policy Committee (MPC) meeting for 2024, Business Post reports.
The MPC meeting commenced today, Monday, November 25 and will conclude tomorrow, when the outcome will be revealed to members of the media.
It is the 298th of the gathering since its inception, according to a circular from the apex bank.
Analysts believe that the committee will likely raise the benchmark interest rate, which is currently at 27.25 per cent.
About two weeks ago, the National Bureau of Statistics (NBS) said inflation increased by 33.88 per cent in October as a result of a rise in prices of food and others.
The continued surge in the average prices of goods and services has always spurred the central bank to raise the Monetary Policy Rate (MPR).
At its last Monetary Policy Committee (MPC) meeting in September, the banking sector watchdog said it would continue to tighten monetary policy as part of its inflation-targeting efforts.
Adedapo Adesanya 
Dipo Olowookere