Nigeria's CBN retains key policy rate

The bank says increasing the rate will hinder the recovery of the economy, while an expansionary policy will make inflation worse.

has retained the monetary policy rate at 11.5 per cent, with the assymetric corridor of +100/-700 basis points around the MPR.

In May, the MPC had retained the monetary policy rate at 11.5 per cent, with the assymetric corridor of +100/-700 basis points around the MPR.

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