23
Sep
Sep
CBN Cuts Key Interest Rate to 23% in Major Monetary Policy Shift
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admin / 2 days
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The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 26.5 per cent to 23 per cent. CBN Governor, Olayemi Cardoso, disclosed the decision on Tuesday at the end of the Monetary Policy Committee’s 307th meeting in Abuja. The reduction amounts to a 350-basis-point cut. He said the committee examined recent trends […]
