CBN Holds First 2017 MPC Meeting Next Week

By Modupe Gbadeyanka

Monday, January 23, 2017, has been scheduled for the first meeting of the Monetary Policy Committee (MPC) for the year.

The MPC meeting is organised by the Central Bank of Nigeria (CBN) and it is used to take decisions concerning monetary policies that affect the economy.

In the last two of such meetings, the apex bank, against expectations, had left the interest rates at 14 percent.

It is not certain if this would be reviewed downward or upward this time, but the Monday’s meeting, according to a circular released by the CBN, will hold for two days, Monday and Tuesday.

While the Monday meeting will start by 10am, the one for Tuesday will commence by 9am.

Venue for the meeting is the MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja.