Think of the Central Bank of Nigeria as the referee of the economy. Its job is not to score goals. It is to keep the match fair and stable.
That means watching inflation, protecting the naira, and ensuring banks do not take excessive risks.
At its 304th Monetary Policy Committee meeting, the CBN made a carefully balanced decision. It cut the Monetary Policy Rate, kept other tightening tools in place, and signalled that it is not ready to fully relax yet.
