Breaking: CBN Raises Interest Rate To 26.75% Amid Soaring Inflation

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Enioluwa Adeniyi

Guest
CBN Governor, Yemi Cardoso

The Central Bank of Nigeria (CBN), on Tuesday, raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices.​


The Governor of the apex bank, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee (MPC) meeting in Abuja.

More details later…

The post Breaking: CBN Raises Interest Rate To 26.75% Amid Soaring Inflation appeared first on Naija News.
 
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