CBN Tightens Interest Rates To Curb Persistent Price Surge …C0NTINUE READING HERE >>>
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday, voted to further raise official interest rates by 25 basis points to press home its displeasure over the upsurge in Nigeria’s headline, food and core inflation measures that rose to 33.88 year-on-year in October 2024.
The members who unanimously voted to raise the monetary interest rate from 27.25 basis points to 27.50 basis points consider the inching up of the three inflationary figures as an indicator of a…
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