Members Of The Monetary Policy Committee of the Central Bank of Nigeria will head into their meeting Monday and Tuesday knowing that for the first time in a long while Nigeria’s April inflation number served them à la carte ahead of their gathering. Inflation is the new kid on the block.
It is the talk of the town across many serious capital cities, across many central banks, not least the United States Federal Reserve, the United Kingdom’s Bank of England, the European Central Bank (ECB); and since inflation began to show signs that it would go rogue on the world, every serious central banker has been digging in, especially those who truly take their inflation targeting mandate and price stability remit seriously.