CLEAN : Nigerias central bank agrees to flexible forex policy

The transcript discusses various topics, starting with an introduction that touches on quitting and Christmas. It then shifts to economic matters, focusing on the Monetary Policy Committee's decision to adopt a flexible exchange rate policy. The central bank's efforts to manage the economy and prevent a recession are also highlighted, noting the challenges faced in averting economic contraction.

What is the main focus of the first section of the transcript?

• Economic recession

• Monetary policy

• Quitting and Christmas

• Foreign exchange rate

What policy did the MPC unanimously vote to adopt?

• Fixed exchange rate policy

• Flexible exchange rate policy

• Inflation targeting policy

• Interest rate reduction policy

What was the central bank's approach to managing the foreign exchange rate?

• Complete control over all transactions

• No intervention in the market

• A small window for critical transactions

• Full flexibility without any restrictions

What was the outcome of the central bank's actions to keep the economy afloat?

• They were highly successful

• They fully averted the economic contraction

• They proved insufficient

• They led to economic growth

When was the recession initially signaled?

• March 2016

• July 2015

• January 2016

• December 2015