The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 13 percent to 14 percent. CBN Governor Godwin Emefiele announced this on Tuesday during the 286th meeting of the Monetary Policy Committee held in Lagos. He said it was the right option considering economic realities. “The committee resolved that the most rational policy option would be to further strengthen its tightening stance in order to effectively curtail the unabated rising trend of inflation,” Emefiele said. READ ALSO: NNPC To Construct 950 Retail Outlets In 5 Months…
Read MoreWhy We Raised Nigeria’s Interest Rate To 14% – CBN
