Will Central Bank's Rate Cut Stimulate Domestic Output?

[This Day] There are expectations that, juxtaposed with other factors, the slight reduction in the monetary policy rate by the Central Bank of Nigeria may stimulate lending to the real sector, which will in turn boost local production and translate to job creationIt came like a thunderbolt to the markets. Last Tuesday's announcement by the Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) of a reduction in the monetary policy rate (MPR) by 50 basis points from 14 per cent to 13.5 per cent after keeping

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