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Cardozo unveils CBN policy thrust today

The Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso is set to unveil the apex bank ‘s monetary policy thrust and economic outlook today (Friday).…

The Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso is set to unveil the apex bank ‘s monetary policy thrust and economic outlook today (Friday).

The unveiling will take place during the 58th Chartered Institute of Bankers of Nigeria Annual Bankers’ Dinner, according to the announcement by the apex bank via their X (Formerly Twitter) handle on Thursday.

“The Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso, to unveil the Bank’s Monetary Policy Thrust and Economic Outlook for 2024. Join us via https://YouTube.com/cenbank at 5:00 pm on Friday, November 24, 2023” the tweet reads.

The address will provide an avenue to explain to Nigerians the monetary policy of the CBN and also plans to save the national currency, Naira.

The address will be the first public engagement by Cardozo since he was appointed CBN Governor by President Bola Tinubu on 15 September 2023.

Recall that since Cardoso assumed office, he has been criticized for failing to hold the bi-monthly Monetary Policy Committee (MPC) meeting, the highest policy-making committee of the apex bank since he assumed office. The last of such meetings was on July 25.

 

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