Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has confirmed that the monetary authority will not return to unorthodox interventionist policies. This statement comes as confidence in the financial system appears to be recovering. Cardoso emphasized the commitment of the CBN to maintaining a stable and predictable monetary policy framework, which is essential for fostering economic growth and stability. The governor's remarks signal a clear direction for the bank's future policy approach amidst ongoing economic challenges.
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