More fundamentally, the reforms are aimed at ensuring a sound, responsive, competitive and transparent banking system, appropriately suited to the demands of the Nigerian economy and the challenges of globalization. I am pleased to note that so far the reform programme has received an overwhelming support from the operators, international community and other stakeholders.
A self-sustaining, long-lasting economic recovery driven by consumption is likely to exert upward pressure on prices for a wider range of goods and services. Medium- to long-term inflation expectations are likely to rise accordingly. II. Monetary policy  A.