High Interest Rate Outcome Of Huge Money Supply In The System — CBN Gov

LAGOS – The Central Bank of Nigeria’s (CBN) governor, Dr. Olayemi Car­doso, on Thursday, said the high interest rate became necessary to combat the consequences of the huge money supply into the system before his ascension as CBN governor. He, however, assured that the high interest rate will not last for­ever, saying it will begin [...]

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