Regulatory Alerts2024-05-21 | MPD/MPC/INT/MPP/005/018Added · Updated
Central Bank of Nigeria Communiqu� No. 152 Of The Monetary Policy Committee Meeting Held Monday 21st May 2024.
The Monetary Policy Committee of the Central Bank of Nigeria raised the Monetary Policy Rate to 26.25% from 24.75% to curb inflation. The decision was made during the committee's 295th meeting, where they reviewed economic and financial developments and assessed risks. The committee also noted the volatility in the foreign exchange market and urged the bank to focus on reserve accretion.
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