www.bloomberg.com
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) was divided during November, with members split between cutting interest rates and maintaining them. Governor Olayemi Cardoso cast the deciding vote to hold the rate steady, preventing a monetary easing. This decision underscores the internal debate regarding the country’s persistent inflation and the need to stimulate economic growth. Ultimately, the central bank prioritized price stability, keeping the benchmark interest rate unchanged.
Read More
