MPC holds MPR at 14% for the sixth consecutive time

MPC holds MPR at 14% for the sixth consecutive time

The Monetary Policy Council of the Central Bank of Nigeria has held the interest rate or the Monetary Policy Rate (MPR) at 14% for the sixth consecutive time, citing the need for cautious optimism in the country’s economy which is just recovering from recession. The committee decided on a vote of 6 to 2 to…

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