CBN’s MPC further raises reference interest rate by 100bps to 16.5%

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting today unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 16.5% – the fourth consecutive rate hike and the highest rate since November 2002 (18.5%).

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Nigeria: With MPR raised to 13%, MPC raises concern over inflationary pressure

WorldStage Newsonline– As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting on Tuesday with the decision to increase the Monetary Policy Rate (MPR) to 13 per cent, members also expressed deep concern over the continued inflationary pressure in spite the gradual improvement in output.

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