Lagos - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will not raise benchmark rates at its meeting on Monday and Tuesday.
The meeting, which will be the first to be chaired by the new Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, is taking the stance in an effort to control inflation and support the naira, reports ThisDay.
The retention of the rates is seen by many economic analysts as the continuation of the restrictive monetary policy regime of the apex bank.
Read more at ThisDay.
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