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CBN in watch-and-see, holds MPR at 13.5% as global uncertainty grows

… Projects less output growth in 2020

The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR), the benchmark interest rate, at 13.5 percent in a resolve to allow time for its most recent policy measures to permeate the economy. Its policy measures are the six initial responses to combat the coronavirus pandemic, which include the reduction of…

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