Experts: Why CBN should halt rate hikes

Despite the relative decline in inflation in July and August, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), last week, raised the Monetary Policy Rate (MPR), the benchmark interest rate by 50 basis points to 27.25 per cent from 26.75 per cent in response to the high inflation rate. But experts...The post Experts: Why CBN should halt rate hikes first appeared on New Telegraph.The post Experts: Why CBN should halt rate hikes appeared first on New Telegraph.

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