Nigeria's Central Bank Keeps Key Policy Rate Unchanged

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Nigeria's central bank maintained its key policy rate unchanged on Tuesday.

The Central Bank of Nigeria retained the benchmark interest rate at 6% on an annual basis. In April, the central bank had reduced its key policy rate by 1.75 percentage points.

The central bank also maintained its lending rate at 8%, while borrowing rate slashed to 2% from 4%.

Nigeria's central bank maintained its key policy rate unchanged on Tuesday. (Market News Provided by RTTNews)