Reported 1 day ago
Nigeria's central bank has decided to pause its series of interest rate hikes after a significant revision in inflation data indicated a slowdown, with the annual inflation rate dropping to 24.5% in January from 34.8% the previous month. The monetary policy committee maintained the policy rate at 27.5%, reflecting stability in the naira and encouraging signs of returning market confidence amid concerns regarding global inflationary pressures.
Source: YAHOO