Ahead of the two-day Monetary Policy Committee meeting starting on Monday, a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate.
The CBN had at its meeting in May retained the MPR at 11.5 per cent, the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.
Speaking with reporters a former President, Association of National Accountants of Nigeria, Dr Sam Nzekwe, said, they don’t expect any change because nothing has seriously changed. Until Nigeria starts to produce, any change will be in the short run. But in the long run, it will come back to the original position.
Written by: EaglesFM