What to know

• “It emphasised that the recalibration of the corridor does not constitute a change in the current monetary policy stance, but rather an operational reset to enhance the effectiveness of monetary policy and support the transition to an inflation targeting frame...S1
• The Central Bank of Nigeria’s Monetary Policy Committee has cut the benchmark interest rate to 23% from 26.5%, Governor Olayemi Cardoso announced in Abuja. : https://punchng.com/breaking-cbn-cuts-interest-rate-to-23-at-mpc-meeting/S2