CBN’s MPC Meeting Begins Today

By Modupe Gbadeyanka

The 255th Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) is starting on Monday, March 20, 2017 (today).

The meeting will hold for two days and will come to an end on Tuesday, March 21, 2017.

At the event, holding at MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja, the committee will deliberate on the on the state of the Nigerian economy, and decide on key monetary policy parameters.

The meeting comes at a time the country’s inflation eased for the first time in 15 months in February 2017, according to data released by the National Bureau of Statistics (NBS) last week.

The Monetary Policy Rate (MPR), according to expectations, may be retained at 14 percent like in the last recent meetings.

Governor of the CBN, Mr Godwin Emefiele, is expected to chair the meeting and will also announce details and outcome of the meeting to the media on Tuesday.