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Amidst Rising Inflation, CBN retains Interest Rates at 26.5 Percent

Despite rising inflation in the country, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which benchmarks interest rates in the country at 26.5 percent. CBN governor, Mr. Olayemi Cardoso, made the disclosure in Abuja on Wednesday while addressing the press at the end of the committee's 305th meeting in Abuja. [...]