Newz“It emphasised that the recalibration of the corridor does not constitute a change in the current monetary policy stance, but rather an operational reset to enhance the effectiveness of monetary policy and support the transition to an inflation targeting framework," CBN said. The post JUST IN: CBN cuts interest rate to 23% appeared first on Premium Times Nigeria. The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reset the monetary policy rate (MPR) to 23 per cent.
CBN Governor, Olayemi Cardoso, announced the decision on Tuesday at the end of the committee’s 307th meeting in Abuja. Cardoso said, “The Committee decided as follows: reset the monetary policy rate to 23 per cent. The post Breaking: CBN cuts interest rate to 23% appeared first on Vanguard News.
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