The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the official interest rate by 50 basis points as part of a consistent tightening policy to control inflation in Nigeria. With the new monetary policy rate increase, the CBN has raised the official interest rate to 18 per cent from 17.5 per cent in January 2023. The CBN stated that the goal was to keep inflation under control, citing the gains from previous high rates as justification for its new action.
Inflation Rate Soars To 21 91% — Highest In 17 Years
withinnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from withinnigeria.com Daily Mail and Mail on Sunday newspapers.
Nigeria s inflation rate hits 21 91 in February 2023 — NBS – National Accord Newspaper
nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.