The Central Bank of Nigeria (CBN) shifted a meeting of its Monetary Policy Committee (MPC), where the benchmark interest rate would have been decided, a Thursday statement showed without stating the date of a new meeting.
“A new date will be communicated in new course,” the apex bank disclosed in the document seen by PREMIUM TIMES, with an apology for any inconvenience the change might cause.
The rate-setting panel of the bank was due to meet on Monday and Tuesday 25 & 26 September for its 293rd session, days after the statistics office announced that annual inflation in Africa’s largest economy accelerated by 1.7 per cent to 25.8 per cent in August.
