Nigeria’s Central Bank Retains MPR at 27.5% Despite Significant Drop in Inflation Rate

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has opted to retain the Monetary Policy Rate (MPR) at 27.5%, despite widespread expectations that it would cut interest rates following a significant drop in Nigeria’s inflation rate. CBN Governor Olayemi Cardoso announced the decision on Thursday at a press conference in Abuja, [...]The post Nigeria’s Central Bank Retains MPR at 27.5% Despite Significant Drop in Inflation Rate appeared first on Tekedia.

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