Nigeria Central Bank Keeps Key Rate Steady at 26.50%
The Central Bank of Nigeria held its key rate at 26.50% to anchor inflation expectations. Governor Olayemi Cardoso said the recent price rise is transitory.
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Nigeria kept its key lending rate unchanged at 26.50% on Wednesday to anchor inflation expectations and safeguard economic stability. The decision follows a 50 basis point cut in February and aligns with a Reuters poll of economists. Investors view the pause as a commitment to maintaining positive real interest rates amid rising domestic fuel and food costs.
