Nigeria, March 23 -- As the Nigerian economy faces stagflation amid rising unemployment, run-away inflation rate, high food prices and lower economic output, the Central Bank of Nigeria's Monetary Policy Committee would Tuesday announce what monetary policy action it has taken.

The decision made at the MPC meeting, which began Monday, would be announced by CBN governor Godwin Emefiele Tuesday afternoon.

A press briefing would be held by 2:15pm Tuesday, the CBN said on its Twitter page Tuesday morning.

Analysts expect that the committee would look into Nigeria's and global vaccination efforts to curb Covid-19, Nigeria's inflationary pressures, unemployment, and sundry developments in the equities and fixed income markets.

Stagflation i...