Interest Rate Hike to 24.75% by Nigeria's MPC in Response to Inflation

Interest Rate Hike to 24.75% by Nigeria's MPC in Response to Inflation

The Monetary Policy Committee (MPC) of Nigeria’s central bank concluded its 294th meeting on March 26th, announcing a series of decisions aimed at addressing the country’s inflation challenges. The committee decided to increase the Monetary Policy Rate (MPR) by 200 basis points, bringing it to 24.75%. Additionally, adjustments were made to the…

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