CBN Raises Interest Rate To 27.5 %

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50 percent from the previous rate of 27.25 percent. Mr Yemi Cardoso Central Bank of Nigeria Governor who announced this at a press conference on Tuesday said the MPC retained…

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