Cardoso: Why CBN took market by surprise on interest rate
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By Babajide Komolafe, Economy Editor
BANGKOK, THAILAND: The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained why the apex bank’s latest monetary policy decision took the market by surprise, saying the need to correct a faulty monetary policy transmission mechanism, alongside improving macroeconomic conditions, informed the move.
Cardoso, who spoke during a session titled How Central Banks Decide at the ongoing International Monetary Fund (IMF) and World Ban
BANGKOK, THAILAND: The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained why the apex bank’s latest monetary policy decision took the market by surprise, saying the need to correct a faulty monetary policy transmission mechanism, alongside improving macroeconomic conditions, informed the move.
Cardoso, who spoke during a session titled How Central Banks Decide at the ongoing International Monetary Fund (IMF) and World Ban
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