CBN Lowers Interest Rate as Inflation Eases
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, bringing it down to 26.50 percent from 27 percent, citing sustained progress in curbing inflation and stabilising the economy. The decision was announced on Tuesday during the bank’s 304th Monetary Policy Committee (MPC) meeting in Abuja, where all…