Monday, August 8

Tag: rising inflation

More worries over rising inflation, headwinds as MPC meets today
Economy

More worries over rising inflation, headwinds as MPC meets today

• MPC contemplates lesser evil, appraises intervention framework amid downturn • Monetary committee has no relevance to ordinary Nigerians, says Olusoga • NBS inflation report contradicts Buhari’s claim on economy In the face of economic and financial challenges, members of the rate-fixing arm of the Central Bank of Nigeria (CBN), the Monetary Policy Committee (MPC), will face tough choices in the next two days as the sustained inflationary pressure remains a major challenge for the apex bank. It will be the second interest rate hike in two months if the most likely choice scales the voting hurdle as the Committee begins its 286th meeting. The committee is boxed in between expressing its independence or jumping on the bandwagon of hawks, who are throwing everything into the r...