{"id":31909,"date":"2024-05-13T17:00:57","date_gmt":"2024-05-13T17:00:57","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/cbn-cardoso-reveals-what-mpc-will-do-to-bring-down-nigerias-inflation\/"},"modified":"2024-05-13T17:00:57","modified_gmt":"2024-05-13T17:00:57","slug":"cbn-cardoso-reveals-what-mpc-will-do-to-bring-down-nigerias-inflation","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/cbn-cardoso-reveals-what-mpc-will-do-to-bring-down-nigerias-inflation\/","title":{"rendered":"CBN: Cardoso reveals what MPC will do to bring down Nigeria\u2019s inflation"},"content":{"rendered":"<div>\n<p>Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has said that the members of the Monetary Policy Committee, MPC, would do whatever is necessary to get a handle on the country\u2019s persistent inflation.<\/p>\n<p>Cardoso said this in an interview with the Financial Times on Monday.<\/p>\n<p>According to him, \u201cevery indication\u201d is that the monetary policy committee would \u201cdo whatever is necessary\u201d to keep soaring inflation in check.<\/p>\n<p>\u201cThey will continue to do what has to be done to ensure that inflation comes down,\u201d Cardoso said.<\/p>\n<p>The development comes as the next MPC meeting is scheduled for May 20-21, 2024.<\/p>\n<p>Meanwhile, by raising interest rates, MPC continued to tighten its stands against inflation, which stood at 33.22 per cent in March.<\/p>\n<p>Since the emergence of Cardoso, the interest rate has increased twice from 18.50 per cent to 24.75 per cent.<\/p>\n<p>CBN: Cardoso reveals what MPC will do to bring down Nigeria\u2019s inflation<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has said that the members of the Monetary Policy Committee,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31910,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,5279,4274,1503,9239,15],"tags":[519,2453,63,472,9240,180],"class_list":["post-31909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cardoso","category-cbn","category-inflation","category-mpc","category-news","tag-business","tag-cardoso","tag-cbn","tag-inflation","tag-mpc","tag-news"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/31909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=31909"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/31909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/31910"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=31909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=31909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=31909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}