Monetary Policy Rate MPR

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the interest rates to 15.5 per cent from 14 per cent as it battles to rein in aggressive inflation running riot in the last four months. Inflation in…

Experts have said the 14 per cent interest rate by the Central Bank of Nigeria (CBN) will worsen the country's economy rather than control inflation. CBN on Tuesday raised the Monetary Policy Rate (MPR), known as the interest rate, by…