MPC |

CBN MPC Cuts Interest Rate To 27%

Kingsley Chukwu1 month ago01 mins

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday reduced the country’s benchmark interest rate, the Monetary Policy Rate (MPR), from 27.5 per cent to 27 per cent. CBN Governor, Mr. Yemi Cardoso, announced the decision while presenting the communiqué of the committee’s 302nd meeting in Abuja. The move signals…

Think-tank Projects Inflation Drop To 17% By December, Predicts MPC Rate Cuts

Kingsley Chukwu1 month ago05 mins

The Independent Media and Policy Initiative (IMPI), a Nigerian policy think-tank, has projected that Nigeria’s headline inflation will fall to 17 per cent by December. The IMPI Chairman, Dr Omoniyi Akinsiju, in a statment on Wednesday, said the projection would be recorded, following consecutive declines that brought the figure down to 20.12 per cent in August. Akinsiju…