In an effort to tackle rising inflation, the Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to…
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Interest Rate
Business & Economy
Central Bank of Nigeria Raises Interest Rate to Twenty-Two Point Seven Five Percent
by Royal Times of Nigeria
February 27, 2024
The Central Bank of Nigeria (CBN) has raised its benchmark interest rate, the Monetary Policy Rate (MPR) to twenty-two point seven five percent, representing four hundred basis points from the…