As the Central Bank of Nigeria (CBN) commences its scheduled Monetary Policy Committee (MPC) meeting on Monday, analysts have made predictions about the committee’s potential decisions.
Some economic experts anticipate an increase in the Monetary Policy Rate (MPR) to curb inflation, while others hope for a hold on the benchmark interest rate to avoid causing disruptions.
According to the Nigeria Bureau of Statistics (NBS), the headline inflation rate for April increased to 33.69 per cent from 33.20 per cent that it was in March, indicating a 0.49 percentage point increase.
