The Central Bank of Nigeria (CBN) has postponed its first Monetary Policy Committee (MPC) meeting for 2025 to March due to delays in the rebased Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS).
Originally set for January 27–28 and later moved to February, the meeting has now been pushed further as policymakers await updated inflation data. The rebased CPI aims to provide a more accurate measure of inflation, reflecting changes in consumer spending patterns since the last revision in 2009.
The NBS had planned to release the updated GDP and CPI figures by the end of January but has yet to do so. Given that inflation trends are critical for monetary policy decisions, the CBN is reluctant to proceed without reliable data.
“If you leave this unchecked, it’s going to trickle down to literally everything,” a previous warning from Trade Union Congress President Festus Osifo resonates as the Naira’s volatility continues to shape economic policies.
An official confirmation from the CBN is still pending, but sources indicate that unless the NBS publishes the data soon, the next MPC meeting is likely to be scheduled for March.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
