In a surprising move, the Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis points to 27.25%, standing out against the global trend of monetary easing. The decision, announced by the CBN’s Monetary Policy Committee (MPC) on Tuesday, signals a firm commitment to combating inflation and stabilizing Nigeria’s economy despite [...]The post CBN’s interest rate hike defies global trend appeared first on National Daily Newspaper.
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