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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

Cardoso said this in an interview with the Financial Times on Monday.<\/p>\n

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

\u201cThey will continue to do what has to be done to ensure that inflation comes down,\u201d Cardoso said.<\/p>\n

The development comes as the next MPC meeting is scheduled for May 20-21, 2024.<\/p>\n

Meanwhile, by raising interest rates, MPC continued to tighten its stands against inflation, which stood at 33.22 per cent in March.<\/p>\n

Since the emergence of Cardoso, the interest rate has increased twice from 18.50 per cent to 24.75 per cent.<\/p>\n

CBN: Cardoso reveals what MPC will do to bring down Nigeria\u2019s inflation<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has said that the members of the Monetary Policy Committee,…<\/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"],"yoast_head":"\n