CBN hikes interest rate to 27.25% amid inflation control, growth debate

The Central Bank of Nigeria (CBN) raised its benchmark lending rate to 27.25 per cent from 26.75 per cent on Tuesday, in a continued effort to control inflation. CBN Governor Olayemi Cardoso announced the decision after a two-day Monetary Policy Committee (MPC) meeting in Abuja, stating that the move is aimed at ensuring a sustained [...]The post CBN hikes interest rate to 27.25% amid inflation control, growth debate appeared first on National Daily Newspaper.

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