The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent.
The MPC also adjusted the Asymmetric Corridor to plus 500/ minus 100 basis points from plus 100/ minus 300 basis points around the MPR.
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Mr Yemi Cardoso, the Governor of CBN made this known on Tuesday in Abuja, while presenting the communiqué from the 296th meeting of the MPC.
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