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Nigeria’s MPC holds 3rd meeting of 2020: What will the CBN do?

So much has changed since the last MPC meeting in March, where the committee decided by a unanimous vote to retain the Monetary Policy Rate at 13.5 per cent and to hold all other policy parameters constant. Since the last meeting, where the number of confirmed Covid-19 cases in Nigeria at the time was 42, confirmed Covid-19 cases in Nigeria has now risen to 8,733 confirmed cases. As we await the decision of Nigeria’s Monetary Policy Committee, Bismarck Rewane, CEO, Financial Derivatives and Muda Yusuf, Director-General of the Lagos Chamber of Commerce and Industry join CNBC Africa’s Wole Famurewa to discuss what to expect today.

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