As the Monetary Policy Committee (MPC) meeting begins today, analysts expect the committee to review key developments in both the global and domestic economies up to April 2014, and the outlook for the rest of the year.
On Business Morning today, an economist, Dr Boniface Chizea says he is not expecting any major change on the monetary policy for now until the new Central Bank Governor, Godwin Emefiele, takes over on June 2.
According to him, the new CBN governor must ensure stability in the monetary policy rate which is currently high.
He is also of the opinion that the new CBN governor has an erroneous task of growing the economy which according to him can be done by stimulating the economy.
