CBN must strike balance between difficult economic demand and realistic approach – Tosin Osunkoya 

Osunkoya made this statement after the just concluded July 2023 MPC by the Central Bank of Nigeria, in a statement viewed by Nairametrics. 

He also added that increasing the MPR by 25 basis points to 18.75% demonstrates the Committee’s concern about the consequences of cost-push inflation. 

Osunkoya noted that the Central Bank is faced with the complex and difficult duty of controlling price stability, inflation, and exchange rate all at the same time, adding: