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3232Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low
https://www.digit.info/nigerian-central-bank-hikes-key-interest-rate-just-days-after-naira-plunges-to-new-low/
Wed, 28 Sep 2022 20:30:05 +0000https://www.digit.info/2022/09/28/nigerian-central-bank-hikes-key-interest-rate-just-days-after-naira-plunges-to-new-low/Read more]]>Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just […]
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just […]