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Maroc Maroc - WORLDSTAGENEWS.COM - A La Une - 23/Sep 17:59

NECA praises CBN on rate cut, cautions on limitations

WorldStage– The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR), while warning about potential limitations of the decision. NECA Director-General, Mr Adewale-Smatt Oyerinde said that the modest rate cut must translate into real economic benefits for households and businesses across Nigeria to have meaningful impact. At its 302nd meeting, the Monetary Policy Committee (MPC) lowered the MPR by 50 basis points to 27 per cent and introduced new measures on cash reserve and liquidity requirements. Oyerinde noted inflation…

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