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CBN holds key rate on hazy global outlook - Businessday NG

Published 15 hours ago1 minute read

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday kept the benchmark interest rate steady, signaling a cautious stance as inflation showed signs of moderation in April amid global uncertainty. In a widely anticipated decision, the MPC held its benchmark monetary policy rate (MPR) at 27.5 percent, citing the need to have a better grasp of near-term

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