JUST IN: CBN AGAIN RAISES INTEREST RATE TO 26.75% AMID SOARING INFLATION
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Amid surging inflation and skyrocketing food prices, the Central Bank of Nigeria (CBN) has once again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%.
This was declared by CBN Governor Olayemi Cardoso following the 296th Monetary Policy Committee (MPC) meeting of the top bank on Tuesday in Abuja.
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