Browsing Tag

Interest Rate

CBN raises interest rate to 15.5% to curb Inflation

CBN Raises Interest Rate To 15.5% To Curb Inflation

The Central Bank of Nigeria has raised the Monetary Policy Rate (MPR), which measures interest rate, to 15.5 percent from 14 percent. CBN Governor, Godwin Emefiele, made this known on Tuesday, September 27 after a Monetary Policy Committee meeting…