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The Lagos

CBN “resets” MPR by 350 basis points to 23%, biggest cut since 2006

The Central Bank of Nigeria (CBN) has “reset” the Monetary Policy Rate (MPR) by 350 basis points to 23%, following the 307th meeting of the Monetary Policy Committee (MPC) in Abuja. CBN Governor Olayemi Cardoso announced the decision following the meeting, which had 11 members in attendance. The...

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