CBN Seeks Measures To Tackle Global Shocks

Some members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) have called for the introduction of new measures to address shocks in the global environment.
They also expressed concern that the emergence of Mr. Donald Trump as the president of the United States may disrupt global markets and affect monetary policy.
These formed parts of the personal notes of the MPC members at their November 2016 meeting obtained in the communique posted on the CBN’s website yesterday.
Specifically, the Deputy Governor (Operations), CBN, Mr. Adebayo Adelabu called for the introduction of new measures to address shocks in the global environment. Adelabu argued that the influence of monetary policy in reversing recession was limited. Read more