Experts say CBN’s surprise rate cut could boost growth, pressure FX

Financial and economic experts have described the Central Bank of Nigeria's (CBN) decision to reduce its benchmark interest rate from 26.5% to 23% as a welcome but unexpected move, marking the first major reduction of its kind in nearly two decades. The post Experts say CBN’s surprise rate cut could boost growth, pressure FX appeared first on Nairametrics.

  Business   Sep 23, 2026   0   18  Add to Reading List
Experts say CBN’s surprise rate cut could boost growth, pressure FX












Financial and economic experts have described the Central Bank of Nigeria's (CBN) decision to reduce its benchmark interest rate from 26.5% to 23% as a welcome but unexpected move, marking the first major reduction of its kind in nearly two decades.

The post Experts say CBN’s surprise rate cut could boost growth, pressure FX appeared first on Nairametrics.

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