Analysts had widely predicted another hike given inflation has continued to soar and the local naira currency has been highly volatile.
The decision is the third rate increase this year, after hikes of 200 basis points in March and 400 basis points in February.
Inflation reached a 28-year high of 33.69% year-on-year in April, spurred by the government slashing petrol and electricity subsidies and twice devaluing the naira.
Source: Economy - investing.com
