CBN to Refocus on Core Mandates Under New Leadership, Exit Quasi-Fiscal Activities
• CBN pumped over N10tn into economy through quasi-fiscal activities and interventions in various sectors
• Previous CBN administrations strayed from core mandates into areas with limited expertise
• Cardoso promises to address issues affecting CBN under his leadership
• CBN to refocus on core mandate of ensuring price stability, stop quasi-fiscal activities
• CBN approving adoption of explicit inflation-targeting framework to enhance monetary policy