Again, CBN Raises Interest Rate To 27.5% To Battle Inflation …C0NTINUE READING HERE >>>
12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have unanimously agreed to further raise the monetary interest rate to 27.50 per cent basis points from 27.25 per cent in a continued drive to contain Nigeria’s rising inflation rate that hit 33.88 per cent in October.
Reading the communique of the 298th meeting of the committee on Tuesday in Abuja, CBN Governor, Olayemi Cardoso, said all members also voted to retain the acemetric corridor at…
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