cbn statement, 2022-11-22
Although as at now, the fiscal capacity of the government to stimulate the economy and put it on a sustainable growth path is still weak because of revenue constraints and lack of fiscal buffers, the CBN must do the needful to protect its primary mandate of ensuring price, monetary and exchange rate stability which is under serious threat in the face of escalating inflation and depreciating exchange rate.
Sentiment: neutral
Topic: fiscal_policy