CBN Holds 256th MPC Meeting Next Week

By Modupe Gbadeyanka

On Monday, May 22, 2017 and Tuesday, May 23, 2017, the Central Bank of Nigeria (CBN) will hold its quarterly meeting of the Monetary Policy Committee (MPC).

The event, in its 256th edition, is slated to hold in Abuja.

According to a statement issued by the apex bank, members of the committee will precisely converge at the MPC Meeting Room, located at the 11th Floor, Wing C of the CBN Corporate Headquarters in Abuja.

It was disclosed that the 256th MPC meeting would begin by 9am on both days.

After the meeting, the central bank Governor, Mr Godwin Emefiele, would be expected to address the media on outcome of deliberations by members of the committee.

It is not certain if the committee will cut down the interest rate this time, especially when the economy is showing signs of recovery. At the moment, it is at 14 percent.