interest rate hike
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Nigeria MPC Expected to Raise Interest Rates Again to Combat Inflation and Fiscal Issues
The Central Bank of Nigeria's Monetary Policy Committee (MPC) is expected to raise interest rates again at its final meeting of 2024, addressing rising inflation and fiscal pressures. Analysts predict a 25-50bps increase, aiming to stabilize prices, manage money supply growth, and attract...- Nigeria News
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- 2 min read
- central bank of nigeria inflation in nigeria interest rate hike monetary policy mpc meeting
- Category: Business
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![Today's Naira Rate[23-07-2014]: Naira Surges to N1,500.32/$ Amid Record Daily Gains and CBN Inflows](/data/attachments/206/206390-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[23-07-2014]: Naira Surges to N1,500.32/$ Amid Record Daily Gains and CBN Inflows
The naira surged to N1,500.32/$, marking its best daily gain since March, driven by increased inflows from the CBN and anticipated interest rate hikes. The CBN's efforts, including a $106.5 million injection, aim to stabilize the currency amid rising inflation and economic challenges. The naira...- Nigeria News
- Article
- 1 min read
- cbn inflows interest rate hike naira gains nigerian currency
- Category: Business
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