After months of hope for easing monetary policy, the Central Bank of Nigeria (CBN) appears to be keeping interest rate cuts on hold for now. This further leaves investors asking what strategies to take for balancing risk and return in short to medium term.
The Monetary Policy Committee (MPC) of the CBN on Tuesday voted to keep the benchmark policy rate unchanged at 27.5 percent, the third hold decision this year.
This means borrowing costs remain high, credit might be tighter, and the cost of capital for businesses remains elevated.
