Mr Godwin Emefiele answering questions during his screening by the Senate for Central Bank Governorship in Abuja on Wednesday
Newsmen report that the CBN rose from its Monetary Policy Committee meeting reducing the Monetary Policy Rate from I4 per cent to 13.5 per cent while maintaining other monetary policy parameters.Banks with more women on board better managed – Emefiele”Reducing the MPR to 13.5 per cent is too low to bring about any relief to the economy as it were.
The economist faulted the decision of the government to increase income tax, adding that it would create more problems.
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