Nigerian MPC calls for state to act on stagflation crisis
Committee members say monetary policy has limited effect in face of current problems
Nigeria's monetary policy committee (MPC) has called upon the country's government to "urgently" address its debt, which it says "cuts across all sectors of the economy".
There are "limitations" to what monetary policy can do "in reversing the current stagflationary condition in the economy", say the minutes of the MPC's latest meeting. The 10 committee members decided unanimously on November 22 to leave its four policy instruments unchanged from the levels set in its September meeting.
The
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