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Domestic Economic Review

Nigeria’s Central Bank has taken an aggressive stance against inflation by raising its benchmark monetary policy rate to 15.5%. This means a rise in the interest rate on your savings and investment to match the escalating inflation rate. 

The monetary policy committee’s decision was intended to slow galloping inflation and save the persistent Naira depreciation.  

Fidelity Diaspora banking offers savings and investment options in Naira and USD at a competitive interest rate. Let your money work for you back home.  

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