June 26, 2024 5:52 pmOlayemi Cardoso, governor of the Central Bank of Nigeria , says coordinated monetary and fiscal policies are crucial in achieving economic stability.
The governor pointed out a slowdown in the month-on-month inflation rates, describing it as a positive sign. Cardoso expressed optimism about recent improvements in liquidity and the return of confidence to the market while noting a period of stability after previous volatility in the foreign exchange market.
He also emphasised the significant achievement of merging different exchange rates into a unified system, adding that a predictable exchange rate is important for economic planning and investment.
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