Analysts expect MPC to hold interest rate, relax cash reserve

Analysts expect MPC to hold interest rate, relax cash reserve

Ahead of Nigeria’s Monetary Policy Committee (MPC) meeting, analysts expect the Central Bank of Nigeria (CBN) to hold benchmark interest rate, choosing instead to reduce banks’ Cash Reserve Ratio (CRR) as the economy thirsts for monetary stimulus. The MPC meets next week, May 22 and 23 and if interest rate is kept at 14 percent,…

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