About a week to the bi-monthly session of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), the CBN Governor, Godwin Emefiele has hinted on the key considerations that would influence the rate-setting body’s decision to boost the economy.
In tune with the strategic focus of the apex bank, Emefiele also disclosed that the MPC will chart a new course for an improved monetary policy and CBN that will provide direction for monetary policy in Nigeria.
The governor said this at a Monetary Policy Committee, MPC, Strategic Retreat in Lakowe, Ibeju-Lekki in Lagos on Friday.
The retreat has “Monetary Policy Implementation in a Digitally-Evolving Developing Economy’’, as its theme.
Mr Emefiele said that technology and innovation was playing a major role in output growth and economic development in Nigeria, hence the need to explore new ways of adapting monetary policy tools to improve the contribution of technology and innovations to the growth equation.
