BREAKING: CBN Raises Interest Rate To 26.75% Amid Soaring Inflation
Business News, Latest Headlines Tuesday, July 23rd, 2024
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices.
CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.
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