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Cardoso says CBN will tame inflation via conventional methods

Written by on June 26, 2024

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso is saying that the apex bank is determined to tame inflation through conventional methods.

He made this known during an interview with Bloomberg in London while sharing key insights on the current state of the market, focusing on the stability of the naira and inflation rates.

Cardoso notes a deceleration in the month-on-month inflation rates, highlighting it as a positive development.

He also assures that the Monetary Policy Committee, MPC members remained vigilant in monitoring inflation trends and ensuring a moderation of inflation numbers.

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