CBN MPR Hike To 24.75%: Can It Curb Inflation? - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / CBN MPR Hike To 24.75%: Can It Curb Inflation? (99 Views)
World Bank Doubts CBN’s Ability To Curb Inflation Employing Rate Hikes / CBN Raises Interest Rate (MPR) To 22.75% / NNPC Quietly Approves Petrol Pump Price Hike To ₦179/Litre (2) (3) (4)
(1) (Reply)
| CBN MPR Hike To 24.75%: Can It Curb Inflation? by TheSolutionsHub: 1:15pm On Mar 28 |
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) to 24.75% on Tuesday, March 26, 2024, to combat high inflation. The inflation rate in Nigeria is currently at 31.7%, which is a significant concern for the CBN. Raising the MPR is one way that the CBN can try to slow down inflation by making it more expensive for people and businesses to borrow money. This ordinarily should help reduce demand for goods and services, eventually leading to lower prices. But considering Nigeria’s peculiarities, CBN MPR Hike To 24.75%: Can It Curb Inflation? |
| Re: CBN MPR Hike To 24.75%: Can It Curb Inflation? by TheSolutionsHub: 1:23pm On Mar 28 |
This is bearing in mind Nigeria's dynamic informal sector. |
| Re: CBN MPR Hike To 24.75%: Can It Curb Inflation? by Stanleymaster1: 1:41pm On Mar 28 |
We are watching. |
(1) (Reply)
Special Easter Message From Prof Rufa’i Ahmed Alkali / We Should Start Flogging Our Senators / The Cybercrime Act Of 2015 Needs To Remove The False Accusation Section
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |