President Buhari
President Buhari

PRESIDENT Muhammadu Buhari is scheduled to formally declare open the 39th Ordinary Meeting of the Association of African Central Banks, AACB, being hosted by the Central Bank of Nigeria, CBN, in Abuja on August 17, 2016. With the theme, ‘Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa,’ the meeting is expected to discuss avenues through which African central banks could unwind the impact of unconventional policies so that monetary policy can return to its core function of stabilising short term prices. CBN in a statement disclosed that the four sub-themes of the meeting “will address various strands of the broader picture by looking at the implications of unwinding/versus not doing so, likely impacts that may follow the unwinding and how they can be mitigated, implications on financial stability and the role of fiscal policy in closing any gaps opened up in the process.” A host of international

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