by: xpoolPosted on:

CBN Maintains Tight Monetary Policy: Interest Rate Retained at 27% Amid Economic Recovery Push

The Central Bank of Nigeria (CBN) has maintained its monetary policy rate (interest rate) at 27%, demonstrating a continued focus on curbing inflation and stabilizing the volatile foreign exchange market. This decision comes despite recent signs of economic recovery, with the MPC opting to keep rates elevated as they assess their impact on inflationary pressures.

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