CBN rate cut puts pressure on fixed income yields

AI Summary

The Central Bank of Nigeria cut its benchmark interest rate to 23%, lowering it by 350 basis points from 26.5%. This rate cut is expected to pressure fixed income yields downward as investors adjust to the reduced interest rate environment.

The Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent is expected to put further downward pressure on yields across the fixed income market as investors adjust to a lower interest rate environment. The Monetary Policy Committee cut the Monetary Policy Rate by 350 basis points from 26.5 per Read More: https://punchng.com/cbn-rate-cut-puts-pressure-on-fixed-income-yields/