Inflation: CBN Raises Interest Rate To 16.5% - 9jaflaver




Light Dark

WELCOME TO 9JAFLAVER



SEARCH ANYTHING BELOW:-



Inflation: CBN Raises Interest Rate To 16.5%



Inflation: CBN Raises Interest Rate To 16.5%

The PUNCH reports that the Monetary Policy Committee of the Central Bank of Nigeria has raised interest rates.

The Committee voted Tuesday to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001.

The CBN Governor, Godwin Emefiele, disclosed this while reading the communique of the last MPC meeting of the year on Tuesday, November 22, 2022.

The MPC said the tightening would curb a higher rate of inflation and restore investors’ confidence.

According to a report by Nairametrics, the highlights of the MPC meeting included: increase MPR by 100 basis points to 16.5 per cent; the asymmetric corridor of +100/-700 basis points around the MPR was retained; the CRR was retained at 32.5 per cent; while the Liquidity Ratio was also kept at 30 per cent.

The apex bank had increased the MPR from 11.5 per cent earlier this year to 15.5 per cent across three consecutive rate hikes.

Inflation rate rose to 21.09 per cent in October 2022 from 20.77 per cent in the previous month.


 Whatsapp  Twitter  Facebook


Who Are You Voting To Be Your Next President? (GET IN HERE)



CLICK HERE TO COMMENT ON THIS POST

CLICK HERE TO READ COMMENTS

Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348143945195 Or +2348173379226

Whatsapp: +2348143945195












Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-





Promoted Songs






DMCA.com Protection Status

© 2014-2022 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertis| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.