Skip to content
The Lagos

Breaking: CBN cuts interest rate to 23%

Breaking: CBN cuts interest rate to 23%
Photo: Vanguard · view original

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reset the monetary policy rate (MPR) to 23 per cent. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday at the end of the committee’s 307th meeting in Abuja. Cardoso said, “The Committee decided as follows:...

Sources and story details