‘Interest Rate Increase Is To Stop Circulation Of Excess Money’ – CBN Governor Cardoso

Olayemi Cardoso, the Central Bank of Nigeria (CBN) Governor has said the Monetary Policy Committee raised the country’s interest to 27.25 percent to curb excess money in circulation. This is according to a press statement from the apex bank on Sunday. He also described the decision to raise interest rates as a necessary move to [...]The post ‘Interest Rate Increase Is To Stop Circulation Of Excess Money’ – CBN Governor Cardoso appeared first on Information Nigeria.

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