Daily Query

The liberal, independent, newspaper devoted to fair, balanced, and progressive ideas on Nigerian, African, and global affairs.

Faulty policy transmission mechanics and improving macros prompted surprise interest rate cut, says CBN Governor Olayemi Cardoso

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has revealed that the apex bank’s recent unexpected decision to slash the benchmark Monetary Policy Rate (MPR) was driven by the imperative to repair a faulty monetary policy transmission mechanism
October 15, 2026