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Central Bank Of Nigeria Raises Interest Rate To 24.75% In Bold Move
Central Bank Of Nigeria Raises Interest Rate To 24.75% In Bold Move....KINDLY READ THE FULL STORY HERE▶
The Central Bank of Nigeria’s Monetary Policy Committee wrapped up its two-day March 2024 meeting, marking the second session of the year and the 294th overall meeting of the CBN.
Following today’s deliberations, the MPC opted to increase the Monetary Policy Rate (MPR) by 200 basis points. The decision translates to raising the MPR from 22.75% to 24.75%. Additionally, the committee adjusted the asymmetric corridor to +100bps/-300 basis points.
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Source: Bushradiogist
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