cbn interest rate increase
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Nigeria CBN Raises Interest Rate to 27.5% to Tackle Inflation
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) to 27.5% to tackle inflation and stabilize the economy. Governor Olayemi Cardoso highlighted efforts to address price pressures, improve food production, and boost external reserves through monetary and fiscal collaboration...- Nigeria News
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- 1 min read
- cbn interest rate increase monetary policy rate nigeria olayemi cardoso cbn updates
- Category: Business
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Nigeria Inflation Control: CBN Lifts Interest Rate to 27.25% in Latest MPC Meeting
The Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate from 26.75% to 27.25% to control rising inflation. CBN Governor Olayemi Cardoso announced this decision after the Monetary Policy Committee’s 297th meeting. The increase is aimed at stabilizing the economy by curbing...- Nigeria News
- Article
- 1 min read
- cbn cbn interest rate increase monetary policy rate hike nigeria inflation control
- Category: Business
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