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CBN cuts MPR to 23% after holding rate at 26.5%
The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) by 350 basis points to 23% from 26.5%, following the 307th meeting of the Monetary Policy Committee (MPC) in Abuja. The decision was taken at the meeting, which had 11 members in attendance. Alongside the reduction, the committee recalibrated the Standing Facilities […]
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