The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has cut the Monetary Policy Rate (MPR) by 350 basis points to 23 per cent, its sharpest reduction since the apex bank began easing its tightening stance, as moderating inflation gives policymakers room to loosen monetary conditions. The decision was announced at the end of the … Continue reading CBN slashes benchmark rate to 23% as inflation cools, delivers biggest cut since easing cycle began