CBN retains Nigeria’s interest rate at 27.5% amid inflation drop
The Central Bank of Nigeria’s monetary policy committee has voted to hold the monetary policy rate at 27.25 per cent Addressing the press at the end of its 2-day meeting in Abuja yesterday, the CBN Governor, Yemi Cardoso, said the committee also retained the asymmetric corridor around the MPR at +500/-100 basis points, Cash Reserve […]
CBN raises interest rate to 22.75% in a bid to curb inflation
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 400 basis points to a record 22.75% from 18.75 percent. Addressing journalists at the end of the two-day first MPC meeting of the year in Abuja, CBN Governor, Olayemi Cardoso, disclosed that the committee voted to adjust […]