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 was the MPC's decision regarding the exchange rate policy?

What is the significance of retaining a small window for funding critical transactions?

What measures did the central bank take to address the economic contraction?

How did the actions of the central bank prove insufficient?

What were the conditions that led to the recession signaled in July 2015?