CBN tackles rising inflation by raising interest rate to 14 per cent
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised lending benchmark (interest rate) from 13 to 14 per cent. The decision, according to the committee, aims at tackling the rising inflation in the country. The inflation trend, as at June, reached a five-year high at 18.60 percent. This is the second […]
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