P
ProfRem
Guest
The Central Bank’s Monetary Policy Committee, on Monday, began its 6th and the last meeting for the year.
The two day closed door session will see members review major developments in the global and domestic space, with a view to forming relevant monetary policies that would be in place till January 2017.
At the last meeting, the committee left all rates unchanged.
In light of the current economic situation, analysts see all rates held constant.
Meanwhile, the Nigeria economy has continued to languish in recession in the third quarter as its shrank 2.24 per cent compared to the same three months in 2015.
This was a further deterioration on the 2.06 per cent contraction in the second quarter, which marked the official start to the country’s first recession in more than two decades, according to data from the National Bureau of Statistics.
The two day closed door session will see members review major developments in the global and domestic space, with a view to forming relevant monetary policies that would be in place till January 2017.
At the last meeting, the committee left all rates unchanged.
In light of the current economic situation, analysts see all rates held constant.
Meanwhile, the Nigeria economy has continued to languish in recession in the third quarter as its shrank 2.24 per cent compared to the same three months in 2015.
This was a further deterioration on the 2.06 per cent contraction in the second quarter, which marked the official start to the country’s first recession in more than two decades, according to data from the National Bureau of Statistics.
