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Nigeria In One Minute

CBN shouldn’t reduce benchmark interest rate – Experts

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Financial and economic experts have said a downward review of the Monetary Policy Rate by the Central Bank of Nigeria will no longer be necessary.
Private sector operators and some stakeholders, including experts have been clamouring for a reduction in the MPR to enable the real sector to access more credit from banks.
According to the experts, who spoke to The PUNCH correspondent in separate interviews, a review of the MPR will bring about undesired results, considering the fact that the country is recovering from recession, and preparing for elections.

The PUNCH, June 14, 2018

 

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