Economic and financial experts on Wednesday expressed divergent views on the latest decision of the Central Bank of Nigeria, but agreed that the economic crisis plaguing the nation had yet to be addressed.
The CBN’s Monetary Policy Committee had on Tuesday decided not to devalue the naira and left the Monetary Policy Rate, Cash Reserve Requirement and liquidity ratio unchanged at 11 per cent, 20 per cent and 30 per cent, respectively.
While some of the experts said they had expected a devaluation of the ailing currency, others hailed the CBN’s decision on the naira.
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