The Central Bank of Nigeria has reintroduced the publication of Inflation Expectation Reports and other crucial Economic-Determinant publications. The apex bank disclosed this in a statement issued on its official X handle today.....CONTINUE READING THE ARTICLE FROM THE SOURCE
According to CBN, the reintroduction of the publication which also include the Purchasing Manager’s Index (PMI) and Business Expectation Survey (BES) were part of the bank’s effort to foster transplant and accuracy.
It is said to offer valuable insights and perception into the state of Nigeria’ economy. The statement read in part; “The reintroduction of these reports, part of the ongoing data enhancement initiative within the CBN, aims to ensure that the public, policymakers, and the business community have access to essential economic indicators.
“The PMI, which assesses the health of the manufacturing, services, and agricultural sectors, along with the business and household expectations reports, are crucial tools for understanding Nigeria’s economic climate.
“These reports offer valuable insights into the perceptions and outlooks within the business and household sectors, respectively.
“This initiative is part of the Bank’s broader efforts to enhance transparency, promote informed decision-making, and support economic growth.”
