Home Nigeria cuts monetary rate by 100bps to 11.5% Nigeria cuts monetary rate by 100bps to 11.5%

Nigeria cuts monetary rate by 100bps to 11.5%

Six members of Nigeria’s Monetary Policy Committee voted on a 100 basis point cut in the Monetary Policy Rate to 11.5 per cent. While the asymmetric around the MPR was also adjusted by +100 basis points and minus 700 basis points. Bismarck Rewane