The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50 per cent, up from 27.25 per cent, as part of its strategy to address rising inflation. This decision was made during the recent meeting of the Monetary Policy Committee (MPC) of the CBN. The MPR serves as the key interest rate benchmark. Governor Yemi Cardoso made this announcement in Abuja on Tuesday during the final MPC meeting of the year held at the central bank’s headquarters. Cardoso indicated that the MPC reached a unanimous decision…
JUST IN: Again, CBN Hikes Interest Rate
