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Analysts Foresee Stronger Naira after Rate Cut - THISDAYLIVE
Obinna Chima with agency report Following Tuesday’s 50 basis points cut in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), from 14 per cent to 13.50 per cent, analysts have predicted that the naira will appreciate in the coming days. Analysts anticipated that the naira would follow …