The monetary policy committee of the Central Bank of Nigeria (CBN) will hold its bi-monthly meeting on Today, Monday, September 26, 2022. The committee would look at global market conditions as well as inflationary pressures.
Godwin Emefiele, CBN governor, will address the public on the outcome of the meeting.
At its last meeting, the committee raised the monetary policy rate (MPR), which measures interest rate, to 14 percent to tame rising inflation.
The monetary policy rate (MPR) is the baseline interest rate in an economy, every other interest rate used within an economy is built on it.