As widely expected, the MPC maintained the status quo on the monetary policy stance at its last meeting.
The Central Bank of Nigeria (CBN) governor cited multiple risks including global economic uncertainty, reversal of capital flows and the rekindling of domestic inflationary pressures.
As they say, when in doubt, you have only six options. The CBN chose the wait and see mode.
The attached slides (presented on Channels TV news, May 23, 2017) summarize the why, the what and outlook of monetary policy in Nigeria in the second quarter.
