CBN’s Rate Cut: A Lifeline or Just a Whisper for Nigerian Families and Small Businesses?

By Blaise Udunze The Central Bank of Nigeria (CBN), at its 302nd Monetary Policy Committee (MPC) meeting today, announced a modest cut in the Monetary Policy Rate (MPR), trimming it by 50 basis points from 27.5 percent to 27 percent. The asymmetric corridor around the MPR was left unchanged at +260 and –250 basis points. […]



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