Nigeria Apex Bank, CBN Increases Interest Rate To 18% Second Time In A Year

Date: 21-03-2023 8:42 pm (1 year ago) | Author: Olusanya Akinrinola
- at 21-03-2023 08:42 PM (1 year ago)
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The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18 percent.
CBN Governor, Godwin Emefiele, made the announcement on Tuesday, March 21, while reading the communiqué of the second MPC meeting.
He said the committee also pegged the liquidity ratio at thirty percent. The tightening of the rate according to the apex bank governor is expected to curtail inflation currently put at twenty-one percent.
This is the second time the apex bank will be raising the benchmark rate this year.

Posted: at 21-03-2023 08:42 PM (1 year ago) | Hero
- gogoman at 21-03-2023 09:00 PM (1 year ago)
(m)
Emefiele doing what Emefiele does best... last claro damage  Cool Cool Cool
Posted: at 21-03-2023 09:00 PM (1 year ago) | Grande Master
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