The Central Bank of Nigeria’s governor expects headline inflation to fall to 21.4 per cent in 2024.
The apex bank’s governor disclosed this during his keynote speech at the launching of the Nigerian Economic Summit Group macroeconomic outlook report for 2024.
He said, “Inflationary pressures are expected to decline in 2024 due to the CBN’s inflation-targeting policy, which aims to rein in inflation to 21.4 per cent.”
According to him, the inflation targeting will help the government in its battle against inflation which hit 28.9 per cent in December. Lower rates will ultimately affect businesses, he alluded.
“The outlook for decreasing inflation in 2024 will have a profound impact on businesses, providing a more predictable cost environment and potentially leading to lower policy rates, stimulating investment, fueling growth, and creating job opportunities,” Cardoso said.
Introduction As a solopreneur, managing your business efficiently is crucial to achieving success. With limited time and resources, it's essential Read more
Introduction Understanding Accounts Payable Fraud Definition of Accounts Payable Fraud Common Types of Accounts Payable Fraud Detecting Accounts Payable Fraud Read more
In today's fast-paced digital age, online marketing has become a crucial tool for businesses to reach their target audiences effectively. Read more
Introduction Understanding Real Estate Investment Step 1: Set Clear Goals and Objectives Step 2: Educate Yourself About Real Estate Step Read more
+ There are no comments
Add yours