• CBN Hikes Interest Rate to 26.75% to Combat Record Inflation
• Central Bank Raises Interest Rate Amid Surging Inflation and Food Prices

CBN Hikes Interest Rate to 26.75% to Combat Record Inflation

• 

  admin / 11 months
• 0
• 2 min read

The Central Bank of Nigeria (CBN) has 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. The MPC also […]