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Olayemi Cardoso

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Twice In Two Months, CBN Jacks Up Interest Rate

sketchertimes2 years ago01 mins

The Monetary Policy Committee of the Central Bank of Nigeria has again raised the benchmark interest rate by 150 basis point from 24.75 percent to 26.25 percent. The committee also retained asymmetric corridor at +100 and -300 basis point. The MPC also retained the Cash Reserved Ratio at 45 percent and liquidity ratio at 30…

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