Olayemi Cardoso, governor, Central Bank of Nigeria (CBN) said on Thursday that the apex bank’s aim is to cut inflation figures to a single digit, medium to long term.
He stated that while the recently rebased Consumer Price Index (CPI) indicates a year-on-year headline inflation rate of 24.48 percent, which reflects the country’s economic realities, this figure remains significantly above acceptable levels.
He stated that the apex bank, as a data-driven institution, is currently reviewing the rebased figures released by the National Bureau of Statistics (NBS) and will publish its findings in due course.