CBN eases MPR by 50 basis points to 26.5%.
The Central Bank of Nigeria (CBN) has announced a reduction in the Monetary Policy Rate (MPR) by 50 basis points, bringing it down to 26.5 percent. This move reflects the Bank’s ongoing effort to stimulate economic activity and provide some relief to businesses and consumers facing persistent high borrowing costs in the economy. In addition to adjusting the MPR, the CBN has maintained the structure of its standing facilities corridor, keeping it at +50 to -450 basis points. This […]