CBN Surprises Markets With Another Interest Rate Hike - Nairaland / General - Nairaland
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| CBN Surprises Markets With Another Interest Rate Hike by Pcentric: 5:00pm On Sep 24 |
The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday, marking the fifth rate hike this year. The decision, announced by Central Bank Governor Olayemi Cardoso, came as a surprise to analysts who had expected the rate to remain unchanged due to a recent decline in inflation and https://pluboard.com/2024/09/24/economy/cbn-surprises-markets-with-another-interest-rate-hike/ |
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