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Central Bank of Nigeria Communique No 111 of the Monetary Policy Committee Meeting of 23rd and 24th January 2017.

Central Bank of Nigeria Communique 2017 The Monetary Policy Committee held its first statutory meeting of fiscal 2017 on 23rd and 24th January, 2017 against the backdrop of increased
uncertainty arising from political and economic developments around the world. Over the last few weeks the pillars of the old order -free trade, multilateralism and globalization have come under intense pressure, and seemingly giving way to an era of enlightened national interest in the conduct of international economic relations.
On the domestic front, the economy remains in recession and inflation pressures have yet to recede. Both external and domestic conditions have blended to significantly complicate the policy environment.

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