Tag
MPR HIKE
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said the country is currently shouldering the excesses of N27 trillion ways and means as well as N10 trillion intervention programmes which has led to the recent inflation.
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation as anticipated by analysts.
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to expedite the window of development finance for businesses to mitigate the effect of high monetary policy rate in the country.
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.