CBN’s MPC retains interest rate at 26.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR) at 26.5% during its 305th meeting held on Wednesday. This decision was reached with the participation of 11 committee members. CBN Governor Olayemi Cardoso communicated the outcome of the meeting, emphasizing the committee's commitment to addressing the current economic challenges facing the nation. The MPC's decision reflects ongoing efforts to stabilize the economy amid various financial pressures.

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