The Central Bank of Nigeria, CBN Monetary Policy Committee, MPC, has retained the benchmark interest rate also known as monetary policy rate,MPR, at 27 percent.
The decision was announced on Tuesday by the Yemi Cardoso-led CBN during a press conference in Abuja, the nation’s capital.
The meeting was its 303th since it was set up.
Meanwhile, this is the fourth time the CBN would retain the MPR at 27 percent.
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