Despite the rise in inflation, the Central Bank of Nigeria has once again deferred the meeting of its monetary policy committee. The information comes from a report by Bloomberg on Monday, quoting Dr. Isa Abdulmumin, the CBN’s Director of Corporate Communications, who stated in a text message, “MPC is not holding” a meeting this week.

Originally scheduled for Monday and Tuesday, this meeting has been delayed for the second time since Olayemi Cardoso assumed the role of governor in September. Investors and analysts will have to wait a bit longer to understand Cardoso’s strategy regarding the escalating inflation, which reached 27.33 percent in October 2023.