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CBN Governor Projects Inflation Drop to 21.4% in 2024
This projection, unveiled during the launch of the Nigerian Economic Summit Group’s macroeconomic outlook report, attributes the expected decline to the Central Bank’s inflation-targeting policy.
In 2024, the Governor of the Central Bank of Nigeria anticipates a decrease in headline inflation to 21.4%.
This projection, unveiled during the launch of the Nigerian Economic Summit Group’s macroeconomic outlook report, attributes the expected decline to the Central Bank’s inflation-targeting policy.
The governor emphasized that curbing inflation to 21.4% aligns with this policy, aiming to alleviate inflationary pressures.
The reduction in inflation is seen as a positive development for businesses, fostering a more predictable cost environment and potentially leading to lower policy rates.
This, in turn, is expected to stimulate investment, drive economic growth, and create job opportunities.
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