CBN Raises Interest Rate To Record 24.75%

CBN Raises Interest Rate To Record 24.75%

News Flash
Help Us Share This Article


In a bid to curb soaring inflation rates, the Central Bank Monetary Policy Committee has taken decisive action by increasing its key monetary policy rate by 200 basis points (bps) to a new record high of 24.75%. 

In its latest announcement, the committee opted to retain the cash reserve ratio at 45% and maintain the liquidity ratio at 30%. 

READ ALSO  Implement new housing policy, stakeholders tell Sanwo-Olu

Details to come later

The post CBN Raises Interest Rate To Record 24.75% appeared first on Arise News.



Source link


Help Us Share This Article

Leave a Reply

Your email address will not be published.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