CBN raises interest rate to 27.25 per cent

CBN raises interest rate to 27.25 per cent …C0NTINUE READING HERE >>>

The Central Bank of Nigeria’s Monetary Policy Committee has decided to raise the benchmark interest rate, or monetary policy rate (MPR), to 27.25 percent.

An economy’s basic interest rate is known as the monetary policy rate.

The MPR is the foundation for all other interest rates in an economy.

Central Bank of Nigeria

Addressing journalists at an ongoing press briefing after the committee’s fifth meeting for the year at the CBN headquarters on Tuesday in Abuja, the governor of the…

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