THE borrowing costs for businesses by financial lending institutions will lessen slightly as the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the country’s monetary policy rate (MPR) from 27.5 per cent to 27 per cent. The committee decided to reduce the monetary policy rate (MPR) by 50 basis points to 27 per cent,” the CBN governor said. “These include the sustained disinflation, improved output growth, stable exchange rate and robust external reserves. Very dissatisfied Partly satisfied Satisfied More than satisfied Very satisfied Your emailΔ“Be mindful of the need to preserve the prevailing macroeconomic stability. Members noted that effective vomiting of the interbank market remains critical to enhance the translation of monetary policy.