Ndubuisi Francie in Abuja
A financial expert and President of the Capital Market Academics of Nigeria (CMAN), Prof. Uche Uwaleke, has urged the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to pause interest rate hikes to create room for output growth following the rebasing of the Consumer Price Index (CPI) which measures inflation by the National Bureau of Statistics (NBS).
The NBS has just released the rebased CPI, reflecting an updated price reference period (base year) of 2024 and weight reference period of 2023.