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Rate cut still a costly trade-off despite easing inflation
A downward trending inflation and positive growth of nominal money stock have only complicated the dilemma of the rate-fixing arm of the Central Bank of Nigeria (CBN), Monetary Policy Committee (MPC), in determining if the decade-old fragile and aneamic output growth or a possible spike in general price level is riskier for the domestic economy
GEOFF IYATSE
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