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CBN “resets” MPR by 350 basis points to 23%, biggest cut since 2006
The Central Bank of Nigeria (CBN) has “reset” the Monetary Policy Rate (MPR) by 350 basis points to 23%, following the 307th meeting of the Monetary Policy Committee (MPC) in Abuja. CBN Governor Olayemi Cardoso announced the decision following the meeting, which had 11 members in attendance. The decision effectively reduces the benchmark interest rate […]
Read the full article at nairametrics#monetary#policy#rate#following#meeting#decision#basis#points#central#bank
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