Update 1: MPC holds rates at 14% for sixth successive time

Update 1: MPC holds rates at 14% for sixth successive time

The Monetary Policy Committee (MPC), has elected to leave the benchmark interest rate at 14 percent for a record sixth straight time. The decision aligns with predictions from analysts that have spoken to BusinessDay, prior to the announcement today. Two MPC members, which include Doyin Salami, had voted to cut the policy rate at the…

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