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The Central Bank of Nigeria cuts Monetary Policy Rate by 50 basis points to 26.5%

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The Monetary Policy Committee of the Central Bank of Nigeria has cut the Monetary Policy Rate by 50 basis points to 26.5%, citing sustained disinflation and improved macroeconomic stability. Speaking at the February committee meeting, the first of the year, the Governor of the apex bank, Olayemi Cardoso, noted that a moderate easing in the rate aligns with the recent slowdown in inflation.


Innocent Semosa spoke to Economist and CEO of Megastar Media Communication, Adeniyi Ifetayo.

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