‘MPR Hikes Insufficient To Tackle Nigeria’s Cost-Of-Living Crisis’

While the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) hiking of the benchmark interest rate- the Monetary Policy Rate (MPR)-three consecutive times since the beginning of the year, may be a necessary step to fight inflation, it is insufficient to tackle the country’s cost-of-living crisis, Financial Derivatives Company (FDC) Limited has said. The...The post ‘MPR Hikes Insufficient To Tackle Nigeria’s Cost-Of-Living Crisis’ first appeared on New Telegraph.The post ‘MPR Hikes Insufficient To Tackle Nigeria’s Cost-Of-Living Crisis’ appeared first on New Telegraph.

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