FDC ECONOMIC BULLETIN – JANUARY 25, 2017 (Re: MPC maintains status quo, optimistic about the future)

The Monetary policy committee concluded its first meeting of the year with the decision to maintain status quo on key monetary parameters. The wait and see approach was expected by market analysts.

In arriving at its decision, the MPC considered several factors ranging from increasing money supply to tapering inflation. The apex bank also signaled its intention to adopt a more accommodative monetary policy stance as the year progressed.