Nigeria Holds Rate, But Mulled Rate Cut On Benign Inflation
Nigeria’s central bank held its benchmark Monetary Policy Rate (MPR) steady at 12.0 percent, as expected, but said two of its 10 committee members had voted for a 25 basis point rate cut in light of the benign outlook for inflation. The Central Bank of Nigeria (CBN) said the monetary policy committee [...]
Nigeria’s central bank held its benchmark Monetary Policy Rate (MPR) steady at 12.0 percent, as expected, but said two of its 10 committee members had voted for a 25 basis point rate cut in light of the benign outlook for inflation.
The Central Bank of Nigeria (CBN) said the monetary policy committee had considered the calls for a rate cut but decided the current level was “just about right” because the outlook for inflation “may be undermined by the increased … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards