The Central Bank of Nigeria has reduced the Monetary Policy Rate. It now stands at 23%, down from 26.5%. This change aims to boost productive activities. Efforts to lower inflation will also be sustained.
Further details about the rate cut are available from the source. The reduction is intended to have a positive impact on the economy.
More information can be found at the provided link, which offers additional context and explanation for the decision to cut the Monetary Policy Rate.
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