The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), maintains a hold in Monetary Policy Rate (MPR) at 13.50%. Also, other parameters are held constant.

The CBN Governor, Godwin Emefiele, disclosed this during a press conference at the end of the two-day MPC meeting held on Tuesday in Abuja. The cut is the first time the MPC altered the MPR since July 2016.

More details shortly…

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