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Interest rate
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Why we raised interest rate to 27.5% – CBN
CBN Hikes Monetary Policy Rate to 27.5% Amid Persistent Inflationary Pressures
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from its previous level to 27.5%, citing persistent inflationary pressures, particularly the rise … Continue Reading
CBN Raises Interest Rate to 26.25% Amid Soaring Inflation Levels
In response to escalating inflation, the Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate (MPR) for the third consecutive time, increasing it by 150 basis points from 24.75% to 26.25%.
This decision was made during … Continue Reading