CBN RAISES INTEREST RATES TO 13%
In an attempt to absorb excess liquidity ahead of the 2023 general elections, The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 13.5% The Monetary Policy Committee (MPC) of the apex bank of Nigeria concluded its three-day meeting on Tuesday, May 24, 2022. At the end of the meeting, the …
