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Nigeria's Central Bank keeps interest rate at 27.50%, despite inflation dropping to 24.48%.
The Central Bank of Nigeria (CBN) has kept the benchmark interest rate, the Monetary Policy Rate (MPR), at 27.50%, despite a drop in inflation to 24.48% in January.
This decision was made during the 299th MPC meeting in Abuja.
The CBN also retained the Cash Reserve Ratio at 50% for Deposit Money Banks and 16% for Merchant Banks.
Governor Olayemi Cardoso highlighted improvements in economic indices, though some experts criticize the rebase of the Consumer Price Index (CPI) as not accurately reflecting price drops.
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El Banco Central de Nigeria mantiene la tasa de interés en 27,50%, a pesar de la caída de la inflación a 24,48%.