CBN Raises Interest Rate to 15.5%

today09/27/2022 18

share close

The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 14 to 15.5 per cent in order to tame the rising inflation rate.

CBN Governor, Godwin Emefiele made this known at the end of the MPC meeting on Tuesday.

According to Emefiele,this represents a 150-basis-point increase from the 14 per cent rate voted during the last MPC meeting in July.

Written by: Helen Obih

Rate it

Previous post


Iran Restarts Talk Amid Nuclear Deal Deadlock

Talks between Iran and the International Atomic Energy Agency IAEA have restarted over a probe into nuclear material found at nuclear sites in Iran, which has been at the centre of the stall in efforts to restore the country’s 2015 nuclear deal with world powers. IAEA head Rafael Grossi had met with Iran’s nuclear chief Mohammad Eslami in Vienna earlier on Monday following the General Conference of the agency, where […]

today09/27/2022 9

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

Our customer support team is here to answer your questions.
error: Alert: Content is protected !!