Experts Split Over CBN’s Decision To Retain Benchmark Lending Rate At 27.5%

Economists have expressed mixed reactions on the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) decision to maintain all rates with the headline Monetary Policy Rate (MPR) held at 27.5 per cent, with some viewing it as a step toward monetary stability and economic growth.

Others argue that the decision is risky due to potential external shocks and excessive public spending, emphasizing the need for continued monetary tightening to curb inflation and maintain stability.

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