- Nigeria’s central bank held its benchmark interest rate at a record 27.5% to sustain disinflation momentum
- Governor Olayemi Cardoso cited persistent price pressures and external risks as reasons for maintaining the tight monetary stance
ABUJA, NIGERIA – Nigeria’s central bank kept its benchmark interest rate unchanged at a record high of 27.5% on Tuesday (July 22), holding off on a widely anticipated cut despite signs of easing inflation.
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