Why we raised interest rate to 27.5% -CBN

Why we raised interest rate to 27.5% -CBN

The Central Bank of Nigeria has attributed the hike in Monetary Polcy Rate to persistent inflationary pressures, particularly the rise in core inflation driven by escalating energy prices. The Monetary Policy Committee of the CBN convened on September 23 and 24, 2024, to evaluate recent economic and financial trends, as well as to assess potential

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