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SUMMARY OF THE CBN ECONOMIC REPORTS

The stance of Monetary Policy in the review period remained accommodative as the Monetary Policy Rate was maintained at 13.50 per cent. On month-on-month basis, broad money supply (M3), grew by 2.2 per cent to N35,675.9 billion at End-July 2019. The development reflected the 3.4 per cent growth in domestic credit (net), which more than...
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