The Monetary Policy Committee of the Central Bank of Nigeria will hold its first meeting today to set the tone for economic activities in next two months.
The need for a policy reaction rose as the Gross Domestic Product report is anticipated to be negative, an affirmation of the country’s sustained economic recession.
The MPC meeting is coming against the backdrop of tightening external market for trade and capital, which is underlined by interest rate hike in United States and the assumption of office by President Donald Trump, whose policy impact is yet to be known.
