UPDATED: CBN eases interest rate to 23 percent

•MPC rate cut will push banks to lend, support growth —Economists•Will discourage banks from parking surplus funds with CBN The Central Bank of Nigeria (CBN) has eased interest rate from 26.5 percent to 23 percent in…

•MPC rate cut will push banks to lend, support growth —Economists•Will discourage banks from parking surplus funds with CBN The Central Bank of Nigeria (CBN) has eased interest rate from 26.5 percent to 23 percent in…

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