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Timely reset – Economist reacts to CBN interest rate cut

Timely reset – Economist reacts to CBN interest rate cut
Photo: Daily Post Nigeria · view original

Economist and financial analyst, Dr Muda Yusuf, has reacted to the Central Bank of Nigeria’s, CBN decision to cut the interest rate to 23 percent from 26.5 percent. In a statement on Tuesday, Yusuf described the apex bank’s decision as a “timely reset.” Recall that the CBN’s 307th Monetary Policy...

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