CBN’s rate cut appropriate, monetary stance still tight — IMF
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…Inflation decline supports monetary policy recalibration
…Calls for structural reforms to attract private investment, create jobs
…Warns against relying solely on oil revenues to finance development
The International Monetary Fund, IMF, has endorsed the Central Bank of Nigeria’s, CBN, decision to adjust its monetary policy stance, saying the move was appropriate given the significant progress recorded in reducing inflation, even as monetary conditions remain tight.
…Calls for structural reforms to attract private investment, create jobs
…Warns against relying solely on oil revenues to finance development
The International Monetary Fund, IMF, has endorsed the Central Bank of Nigeria’s, CBN, decision to adjust its monetary policy stance, saying the move was appropriate given the significant progress recorded in reducing inflation, even as monetary conditions remain tight.
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