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CBN MPC Raises Interest Rate To 18.75%

Afnews Editor

Jul 25, 2023

BREAKING: CBN MPC Raises Interest Rate To 18.75%

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The Central Bank of Nigeria's Monetary Policy Committee has moderately hiked monetary policy rates to 18.75 per cent.

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The acting Governor of the Central Bank of Nigeria, Mr Folashodun Shonubi, disclosed this on Tuesday at the press briefing at the end of the 292nd MPC meeting.

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Recalls that the Central Bank of Nigeria (CBN), in its last MPC meeting, tightened the economy by raising the interest rate to 18.5 per cent.

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