The Monetary Policy Committee of the Central Bank of Nigeria has retained the country’s interest rate at 27.50 percent.
Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing on Thursday after the 299th MPC meeting in Abuja.
9News Nigeria Reports that some of his words were; “The Committee was unanimous in its agreement to hold all parameters,” he said.
This pause in rate comes after six consecutive hikes recorded in 2024.
