CBN Holds Interest Rate at 27.5% — CBN Governor, Olayemi Cardoso Declares War on non-monetary factors driving inflation.
The Central Bank of Nigeria (CBN) has opted to retain the Monetary Policy Rate (MPR) at 27.5%, marking the third consecutive time this year that the rate has been held steady. Subsequently, the announcement was made by the CBN Governor, Olayemi Cardoso, following the meeting held in Abuja on Tuesday, The Monetary Policy Committee’s 301st….
