Nigeria, Feb. 6 -- The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will impact the growth of the Nigerian economy, central bank governor Olayemi Cardoso said on Monday.

Expressing concerns about the impact of previous MPC meetings on the economy, he said the MPC will complement the fiscal side and ensure that it moves the economy in the right direction.

The CBN in January announced the scheduling of the MPC meeting under the leadership of Mr Cardoso for 26 and 27 February. The announcement came six months since the last MPC meeting last July.

During the July 2023 meeting, the MPC opted to increase the benchmark interest rate, referred to as the Monetary Policy Rate (MPR), by 25 basis points, raising it from 18....