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First MPC Meeting Under Cardoso Slated for Feb 26-27

…… As CBN Holds Preparatory Strategy Session

The first meeting of the Apex Bank’s Monetary Policy Committee under the tenure of Mr. Olayemi Cardoso as Governor, has been scheduled for Monday, February 26 and Tuesday, February 27, 2024.

The Acting Director, Corporate Communications Department, Mrs. Hakama Sidi Ali, made the disclosure while giving a report about the two-day strategic session held by the bank for members of the Committee , preparatory to their first meeting.

She revealed that the critical focus areas during the retreat included deliberations on the strategic plan to effect necessary improvements in the monetary policy transmission mechanism.
According to her, the sessions were facilitated by former MPC members, monetary policy communication specialists at the IMF, and Directors of Departments critical to the MPC process.

“The valuable insights gained from these discussions will significantly contribute towards the robustness of the forthcoming MPC meetings,” she noted.

Meanwhile, a calendar of meetings of the Monetary Policy Committee (MPC) for 2024 published on the CBN website indicates that the meetings have been scheduled for February, March, May, July, September and November 2024.

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