cbn statement, 2023-05-24
In its consideration as to whether to hold, loosen or tighten, the MPC was of the view that a hold or loosen option was not desirable at this time given that a hold may compromise the Bank’s decision to tame the rising inflation, particularly when its in-house staff estimates have projected that headline inflation would continue to rise in the immediate months ahead before decelerating.
Sentiment: neutral
Topic: mp_interest_rate