Economy Politics

CBN Retains Interest Rate at 26.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent. The decision was reached at the conclusion of the MPC meeting held in Abuja on Tuesday. Announcing the outcome, CBN Governor Olayemi Cardoso said the committee opted

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