CBN Rejects Market-Distorting Interventions, Cardoso Embraces Strict Monetary Policy

The Central Bank Governor warned against returning to past interventions that weakened the bank’s finances and blurred policy roles. Speaking at the MPC workshop in Abuja, he stressed the bank’s commitment to transparency, discipline and market confidence. He said the credibility restored over the last two and a half years comes from orthodox tools anchored on clear rules and data-driven decisions. The CBN now guides policy with the Monetary Policy Rate and structured deliberations. Ongoing reforms include stronger liquidity management, improved communication with investors and a transition to a clearer inflation-targeting framework. Early signs show moderation in inflation and greater stability in the foreign exchange market.

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