CBN resorts to expansion policies to combat recession

The Central Bank of Nigeria (CBN) has said it will pursue expansionist monetary policies to save the country from economic headwinds and combat recession. God Emefiele, the CBN governor has said that this is necessitated by many constraints against the fiscal policy. Emefiele said this was necessary to curb the rising inflation and address recession in the economy. He said this was part of the resolutions of the Monetary Policy Committee meeting held last week. He said, “The committee was therefore of the view that to abate the pressure, it…

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