Despite Receding Inflation, Election Spending May Compel MPC to Hold Interest Rate

[This Day] Despite the drop in inflation to 12.48 per cent in March to below the Central Bank of Nigeria's benchmark Monetary Policy Rate (MPR) of 14 per cent, members of the Monetary Policy Committee (MPC), slated to commence their two-day meeting in Abuja today, may be reluctant to ease monetary policies due to concerns over the likely impact of 2019 election spending on the economy.
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