CBN Reduces Monetary Policy Rate to 26.50%
The Central Bank of Nigeria (CBN) has cut its Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27% to 26.50%, following its 304th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. Governor Olayemi Cardoso announced that the decision was unanimous among all MPC members. He explained that the committee also…
