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flag Nigeria's central bank keeps interest rate at 27.50%, watching inflation and economic recovery.

flag Nigeria's central bank has kept its benchmark interest rate steady at 27.50%, as expected, to monitor economic developments. flag This decision follows a period of rate hikes aimed at curbing high inflation, which has recently shown signs of easing. flag The bank remains concerned about inflation drivers like high electricity prices and foreign exchange pressures. flag The move also aims to support economic recovery without stoking inflation.

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