CBN Slashes MPR to 26.50% as Inflation Continues Descent
ABUJA — The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points to 26.50 per cent. This pivotal decision emerged following the 304th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. CBN Governor Olayemi Cardoso confirmed that all committee members unanimously supported the rate cut from its…