Governor of Central Bank of Nigeria (CBN), Yemi Cardoso, has reassured Nigerians that the bank’s economic reforms were yielding significant results.
Cardoso said that this had led to a 50 per cent reduction in month-on-month inflation between February and May.
He made the remarks during the interactive session at the Business Day CEO Forum 2024 on Thursday in Lagos.
Addressing the setting of interest rates, Cardoso said that they were determined by the independent Monetary Policy Committee, comprised of data-driven experts who prioritise empirical evidence over emotions.
He highlighted the committee’s commitment to combating inflation through informed decisions.
