The financial coverage committee (MPC) of the Central Financial institution of Nigeria (CBN) has raised the financial coverage price (MPR), which benchmarks rates of interest, from 26.75 p.c to 27.25 p.c.
Olayemi Cardoso, CBN’s governor, introduced the rise at a press convention on Tuesday after the committee’s 297th assembly in Abuja.
Cardoso mentioned the rise was to additional tame inflation.
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