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MPC shuns bleeding economy, raises interest rate to 18.5 per cent
Yesterday was a tough day for the economy with the National Bureau of Statistics (NBS) confirming slower growth, while the Monetary Policy Committee (MPC), raises the benchmark interest rate by another 0.5 point, suggesting that growth is not yet its priority.
Collins Olayinka, Joseph Chibueze, Anthony Otaru (Abuja), Helen Oji, Gloria Nwafor and Victor Gbonegun (Lagos)
