BREAKING: CBN Slashes Interest Rate to 27% After Months of Tight Policy
CBN monetary Policy Committee reduces rate by 50 basis points in Abuja. CBN Governor says consistent disinflation influenced latest decision. Move follows six consecutive hikes in 2024 and three pauses…
Survey Shows 74% Expect CBN Rate Cut in July
A recent survey conducted by the Statistics Department of the Central Bank of Nigeria (CBN) has revealed that 74.2% of respondents believed the apex bank should have reduced the…
CBN Hikes Monetary Policy Rate to 27.25% Amid Inflation Concerns
The Central Bank of Nigeria (CBN) has announced a significant increase in the Monetary Policy Rate (MPR) by 50 basis points, elevating it from 26.75% to 27.25%. This decision, made…
CBN Governor Defends Interest Rate Hike as Essential for Economic Stability
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has robustly defended the recent increase of the Monetary Policy Rate to 27.25 percent, deeming it an essential…