Spread the word Nigeria’s central bank on Tuesday, delivered a smaller-than-expected 50 basis point interest rate cut on Tuesday, saying risks to the outlook were balanced and it expected inflation to slow further. Blueprint had early this week said monetary authorities may likely cut rates by between 50 and 100 bps. Analysts who spoke with Blueprint said based on the huge jump in capital importation, Foreign Direct Investment (FDI) and continuing disinflation, amongst others monetary authorities may have reason to cut rates when the Monetary Policy Committee (MPC). The decision took the Central Bank of Nigeria’s Monetary Policy Rate to 26.50 per cent, slightly higher than the 26 per cent expected by economists polled by Reuters. At the last meeting in November it kept the rate un...