Enterprise Television- Spokesman- CBN to Hold Interest Rate Meeting April 3-4
According to a spokesman the Central Bank of Nigeria plans to hold its next interest rate meeting April 3-4, a, contingent on the upper house of parliament confirming the president’s nominees for the monetary policy committee (MPC).
The new dates for the MPC are April 3 and 4, as reported by the spokesman. We are hoping that between now and then the members of the committee would have been confirmed by the Senate.
A political spat over nominations for the MPC meant Nigeria’s Senate had not approved President Muhammadu Buhari’s candidates, leaving the committee unable to form a quorum to set interest rates. The Senate will consider a report into the nominations this week and could approve them, paving the way for the first rate-setting meeting this year.
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