• CBN Raises Rate to 16.5%

    CBN Raises Rate to 16.5%0

    CBN Raises Rate to 16.5% The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR), the benchmark interest rate, by 100 basis points on Tuesday to 16.5 percent to fight inflation. The fourth straight rate hike this year was announced after the two-day meeting of the Monetary Policy Committee (MPC) in Abuja. Godwin

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