Nigeria, March 26 -- As the Central Bank of Nigeria (CBN) scheduled Monetary Policy Committee (MPC) meeting begins Monday, analysts have made projections about possible resolutions of the committee.

While some economic experts forecast a hike in the Monetary Policy Rate (MPR) to tighten inflation, some forecast a hold of the benchmark interest rate to avoid disruption.

The CBN at its last meeting raised the MPR significantly by 400 basis points to 22.75 per cent from 18.75 per cent amid soaring inflation.

The bank also made changes to the asymmetric corridor around the MPR, setting it at +100/-700 basis points from +100/-300 basis points.

Additionally, the CBN increased the Cash Reserve Requirement (CRR) to 45 per cent from 32.5 per c...