Nigeria’s central bank on Tuesday kept its benchmark interest rate unchanged at 27 per cent, maintaining its policy stance as inflation continues to slow and economic conditions stabilise.
Governor Olayemi Cardoso announced the decision at the end of the bank’s two-day monetary policy meeting in Abuja.
He said the committee’s decision was underpinned by the need to sustain the progress made so far towards achieving low and stable inflation.
The MPC reaffirmed its commitment to a data driven assessment of development and outlook to guide future policy decisions considerations.
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