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CBN signals no rate cut in sight ahead of MPC meeting

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CBN signals no rate cut in sight ahead of MPC meeting

20 Jul, 2026

The Central Bank of Nigeria (CBN) has signalled that there might be no rush for an easing cycle this week even though inflation slowed in June, marking the first slowdown since the Middle East tensions began in February. Olayemi Cardoso, the CBN governor, said on Thursday that authorities had projected a rate cut was imminent as inflation began gradual cooling but the longer-than-necessary US-Iran war dimmed that outlook.............….......READ MORE