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Nigeria holds key rate at 27.5% as CBN weighs inflation and external risks

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  • Central bank pauses after six hikes this year to assess macroeconomic trends
  • Low oil output and global tariff risks cloud growth and budget execution

Abuja, Nigeria – The Central Bank of Nigeria held its benchmark interest rate steady at 27.5% at its second policy meeting of the year, opting to pause after an aggressive round of tightening as officials monitor near-term economic developments.

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