Cardoso Blames Past Policies for Inflation as CBN Raises Interest Rates Again
CBN Governor Olayemi Cardoso made this statement during a press briefing on Tuesday, following the 297th meeting of the Monetary Policy Committee (MPC) in Abuja. Cardoso announced the committee’s decision to raise the Monetary Policy Rate (MPR), which influences interest rates, by 50 basis points, from 26.75% to 27.25%, as part of efforts to control […]