Nigeria’s Central Bank holds interest rate at 27.50% after CPI rebasing

Nigeria’s central bank held its benchmark interest rate steady at 27.50% on Thursday, opting for stability after the rebasing of the consumer price index (CPI). The decision signals a cautious approach by Governor Olayemi Cardoso, who is balancing a need to lower inflation with the need to support an economy that is gradually winning back investor confidence.

The Monetary Policy Committee…