The Central Bank of Nigeria (CBN) has increased the interest rate by 150 basis points, from 24.75 percent to 26.25 percent.
Following a comprehensive two-day meeting, the bank’s Monetary Policy Committee has made a decisive move, raising the Monetary Policy Rate for the third consecutive time.
The CBN chief who admitted the rising inflation levels in the country said the key focus of the Monetary Policy Committee meeting was to achieve price stability by using tools available to rein in inflation.
More Posts for Show: JUBILEE MORNING DIALOGUE (YORUBA)