Employers and Economists Applaud Central Bank’s Bold Move to Slash Interest Rate to 27%
After a five-year interval, the Central Bank of Nigeria (CBN) has opted to lower its key interest rate, reflecting a measured adjustment in its monetary...
After a five-year interval, the Central Bank of Nigeria (CBN) has opted to lower its key interest rate, reflecting a measured adjustment in its monetary policy as inflation trends show consistent improvement. Concluding its two-day Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, the CBN decreased the Monetary Policy Rate (MPR) by 50 basis...