Naira may depreciate following CBN’s 350bps rate cut – Rewane
The naira may face depreciation pressure following the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23%, according to Bismarck Rewane, Managing Director of Financial Derivatives Company. The post Naira may depreciate following CBN’s 350bps rate cut – Rewane appeared first on Nairametrics .
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