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The Lagos

CBN cuts MPR to 23% after holding rate at 26.5%

The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) by 350 basis points to 23% from 26.5%, following the 307th meeting of the Monetary Policy Committee (MPC) in Abuja. The decision was taken at the meeting, which had 11 members in attendance. Alongside the reduction, the comm...

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