The Central Bank of Nigeria (CBN) has been called upon to tailor its market-oriented monetary policy towards the protection of the real sector of Nigeria's economy.
The Central Bank of Nigeria has been called upon to tailor its market-oriented monetary policy towards the protection of the real sector of Nigeria’s economy.
According to him, it is difficult for any business in the real sector, especially manufacturers and farmers, to thrive with an interest rate of over 32 percent amid massive currency depreciation since the return to orthodox monetary policy in 2023. Yusuf noted that the transition from unorthodox to orthodox monetary policy has caused shocks beyond what most business analysts have imagined, and called for “fine tuning and recalibrating the reform process”.
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