FINANCE UPDATE FOR THE WEEK

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    Bunmi Mercy 3 years ago

    Crude oil price (USD):                    $42.92

     

    CBN exchange rate (USD/NGN):  N379

     

    Inflation rate:                                  13.22%

     

    Interest rate (MPR):                        11.5%

     

    This week, the Central Bank of Kenya left its benchmark interest rate unchanged at 7.0% while the Central Bank of Egypt unexpectedly cut interest rates to 8.75% from 9.25%

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