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Central Bank of Nigeria: Key rate maintained at 11.5%

29/03/2022
Categories: Companies

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At a meeting of the Monetary Policy Committee held on March 21, 2022, the Central Bank maintains its key rate at 11.5%. This decision stems from a precautionary policy consistent with the current economic conditions marked above all by new economic and financial shocks exerted by the ongoing war between Ukraine and Russia. In a statement issued following its meeting, the Committee explained that the easing of the rate would trigger a new excess of liquidity and would fuel inflationary pressures, the funds available.

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