BusinessNewsNigeriaCBN Retains Interest Rate at 27% as Inflation Falls to 16.05%
The Central Bank of Nigeria (CBN) on Tuesday maintained the country’s benchmark interest rate, the Monetary Policy Rate (MPR), at 27 percent, as the bank stated that it seeks to build on recent gains in inflation and exchange-rate stability. Governor Olayemi Cardoso announced the decision at a press conference at the end of the 303rd meeting of the Central Bank’s Monetary Policy Committee (MPC), held in Abuja. In addition to holding the MPR at 27...










