Yemi Cardoso-Led CBN Raises Interest Rate To 27.25 Percent

Yemi Cardoso-Led CBN Raises Interest Rate To 27.25 Percent …C0NTINUE READING HERE >>>

Yemi Cardoso-led CBN has raised the interest rate to 27.25 percent.

Newsone Nigeria reports that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 percent.

This online news platform understands that the monetary policy rate is the baseline interest rate in an economy. Every other interest rate used within an economy is built on the MPR.

Addressing journalists at an ongoing…

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