Cardoso explains reasons behind MPC interest rate cut, hails synergy with fiscal authorities

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso and the Minister of Finance at the ongoing World Bank/IMF meetings in Bangkok, Thailand [PHOTO CREDIT: Central Bank of Nigeria]

“It took the market by surprise, and markets, as we know, generally don’t like surprises,” Mr Cardoso said at the panel discussion themed “How Central Banks Decide—Committee Decision-Making and Communication in an Era of Uncertainty”.

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