2004-03-29 | TED-AD-47-2004

Central Bank Of Nigeria Communique No. 32 Of The Monetary Policy Committee For January And February 2004

The Central Bank of Nigeria released a summary of its Monetary Policy Committee's decisions in January and February 2004. The report revealed signs of economic recovery and stable financial markets, but also highlighted issues with inflation and a resurgence of inflationary expectations. Consequently, the committee decided to tighten monetary policy by withdrawing public sector funds from the banking system to reduce excess liquidity. They emphasized the need for continued monitoring of economic developments in order to take appropriate measures.

Nigeria

Central Bank of Nigeria

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