CBN LIKELY TO RAISE INTEREST RATE TO HALT INFLATION
The Central Bank of Nigeria (CBN) is set to tighten further its monetary control in a renewed bid to moderate resurgent inflationary pressure. The apex bank Monetary Policy Committee (MPC) will hold its meeting today and tomorrow, in order to make a decision on the country’s interest rate, which stood at 27.25 percent in September 2024. This comes as Nigeria’s headline inflation surged to 33.9 percent in October 2024. It would […]
Post comments (0)