CBN delays September 2023 MPC meeting

0
140
CBN delays September 2023 MPC meeting
CBN delays September 2023 MPC meeting

The Central Bank of Nigeria (CBN) has announced the postponement of its highly anticipated 293rd Monetary Policy Committee (MPC) meeting, originally scheduled for Monday and Tuesday, September 25 and 26, 2023.

The decision to defer this critical meeting was communicated through a press release issued by Dr. Isa AbdulMumin, Director of Corporate Communications at the CBN, on September 20, 2023.

CBN postpones 293rd MPC meeting

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has deferred its 293rd meeting scheduled for Monday and Tuesday, September 25 and 26, 2023, respectively.

A new date will be communicated in due course. We regret any inconvenience this change may cause our stakeholders and the general public.

While the CBN has not disclosed the specific reasons behind the deferral, such decisions typically hinge on a range of economic and financial factors.

These include considerations such as inflation rates, foreign exchange reserves, and broader economic growth indicators.

It’s possible that the central bank’s decision could be connected to the recent appointment of deputy governors amidst rumors that current governors were yet to resign.