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CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels (16304 Views)

CBN Raises Interest Rate To 18.75% / CBN Raises Interest Rate To 15.5% To Curb Rising Inflation / CBN Raises Interest Rate To 14% (2) (3) (4)

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Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:19pm On May 21
Master strategist with no strategy!

3 Likes 1 Share

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by JuanDeDios: 3:20pm On May 21
Akwamkpuruamu:


So how will investment come into play and unemployment reduction?
They think FPI will help improve dollar liquidity, which will reduce inflation and stimulate the economy.
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by giftbawa: 3:20pm On May 21
This means if you are to get a short-term loan for your business from any commercial bank they would charge an average of 36% percent per Annum. this would kill your business because if you add labour costs, Nepa / generator, marketing, logistics, commission to get the job, and other local and government taxes, it would be hard to stay in business.

3 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Ebeano49(m): 3:20pm On May 21
FREE money for FPIs. They will flood in now that $ is nearly at 1500. Their inflows will lead to artificial appreciation of the naira to about 1200. Then they'll exit. Thus making a killing on currency differential + 26.25% ROI. Happy days!

YOU CAN'T RIG INTERNATIONAL FINANCE.

Give Nigerians power supply. Give them security to boost agriculture, trade and tourism. Cut down on wasteful government spending. Enforce rule of law no matter whose Ox is gored. Allow free, fair and transparent elections..... then sit back and watch foreign investors flood in as the country prospers. It's really that simple.

13 Likes 2 Shares

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Blaze14k: 3:21pm On May 21
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

Na you go make the price fall ba.. so your prayer is for people to start running losses

2 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by omoredia: 3:21pm On May 21
Cardoso has school cert with only 3 credits. No jokes

3 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DCmonster: 3:21pm On May 21
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling
If God doesn't punish all APC supporters and online paid propagandist then he is indeed a merciful God.

4 Likes 1 Share

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:21pm On May 21
Loool

Cardoso with patch patch CV is clueless
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

5 Likes 1 Share

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by bemeruca: 3:21pm On May 21
Nigeria is dead
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by JuanDeDios: 3:22pm On May 21
Ebeano49:
FREE money for FPI. They will flood in now that $ is nearly at 1500. Their inflows will lead to artificial appreciation of the naira to about 1200. Then they'll exit. Thus making a killing on currency differential + 26.25% ROI. Happy days!

YOU CAN'T RIG INTERNATIONAL FINANCE.

Give Nigerians power supply. Give them security to boost agriculture, trade and tourism. Cut down on wasteful government spending. Enforce rule of law no matter whose horse is gored. Allow free, fair and transparent elections..... then sit back and watch foreign investors flood in as the country prospers. It's really that simple.

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by jasontrigga(m): 3:23pm On May 21
Khyrvxjzy:
igbos are coming against this news


Honestly , you’re a fool

4 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by fuckingAyaya(m): 3:24pm On May 21
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling
just like how u lots falsely predicted that naira will rise between 750-800 to a dollar. U lots sold ur souls because of 30k stipend to defend every devilish policy, You don't care if it's anti-people? Who are the real enemies of the state just ask ur self.

5 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by givedemwotowoto: 3:24pm On May 21
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

BAteria Economist.

You didn’t read that inflation rate was increasing month to month?

https://www.nairaland.com/8093256/nigerias-inflation-hits-33.69#

Take this, it should help

5 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:25pm On May 21
So what is inflation? Over 33%. Why is interest rate below 33%?

Cardoso is a pretender with patch patch CV
Nyamiriflathed:
Interesting rate has to be ahead of inflation rate.

1 Like

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by DMerciful(m): 3:25pm On May 21
Your darling daddy Buhari put the criminal drug baron, certificate forger, mandate thief and narcotics trafficker in this mess.
post=130068824:



GOD BLESS NIGERIA 🇳🇬
We will get there pretty soon ......

Meanwhile,
Dearest Sane Nairaland members,
Sisi Yewande and Madam Ngo on behalf of All of us at MANNABBQGRlLLS are checking on you.

Times are hard
It is for the best future for us all.
No pain No Gain.
Guide your mental health.
Cut down on excesses and frivolity.
Keep joining us to pray for a better Nigeria 🇳🇬.
Slow and Steady we will get to the nation flowing with milk and honey.
A country of our dreams.
God bless you all.
God bless Nigeria 🇳🇬 🇳🇬 🇳🇬

We Love You all ❤️ 😍 💖


Addendum : Enemies of Nigeria, (No matter the part of the country you came from)
Skip this comment, it ain't for you.
Check the first line to see who it was addressed to.
If you do otherwise and quote to be negative or curse sane people here you will be miserable for life.
#No be curse,
Na FACT.
Thanks and Cheers.

2 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by AcuraZDX: 3:25pm On May 21
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

Shut up.

1 Like

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by dododawa1: 3:26pm On May 21
Will food stuff



Reduced


?
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by RedpillAnalyst: 3:26pm On May 21
This country is on the verge to hyperinflation. The interest rate is at 26+%, and people are crying at 4-5% in America.

2 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Usmanovic95(m): 3:26pm On May 21
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

Olayemi cardio, is this you? He is the only one who can defend this.

2 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by higgs: 3:26pm On May 21
Increasing MPR will actually make inflation worse by increasing cost of borrowing for businesses. Right now,inflation in Nigeria is caused by insecurity and the high,unstable exchange rate of the naira

1 Like

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by onatisi(m): 3:26pm On May 21
ogododo:


https://www.channelstv.com/2024/05/21/breaking-cbn-raises-interest-rate-to-26-25-per-cent/
If I am not mistaken , this obviously means the prices of goods ,services and commodities will rise .
If that is true. ,the alary increase they are given to NLC must be retrieved back in whatever way possible. They will simply be taking back the increase through this means
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Bimpe29: 3:27pm On May 21
Management of the macroeconomics isn't a child's play. God will ease the suffering of the Nigerian masses.

1 Like

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by NothingDoMe: 3:27pm On May 21
Ogbodavies:
dis govt dey carry Nigerians play over 9.5 odd 'Ghana vs Nigeria match,
😅🤣
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by giftbawa: 3:27pm On May 21
IMF says to raise your interest rates. You raise it and forget the Western government reduces interest rates to stimulate economic growth because the one-man business is the largest employer of labour in the Western world.

IMF says to stop subsidies you oblige them but forget that they give all types of subsidies to their citizens free secondary education, free shelter and meal vouchers to their citizens, subsidized housing, free milk, free university education for military personnel, and even a free paycheck when unemployed.

When are we going to learn how to behave sef

3 Likes

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by fuckingAyaya(m): 3:28pm On May 21
omoredia:
Cardoso has school cert with only 3 credits. No jokes

Islamic banking A1
Yoruba A1
Technical drawing A1
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Localemperor: 3:28pm On May 21
Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling
Inflation does not fall illiterate, Economic policies can only leads to deflation...
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by fuckingAyaya(m): 3:29pm On May 21
Nyamiriflathed:
Interesting rate has to be ahead of inflation rate.
jesus christ! Awusubillahi! I fear who no fear una
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by wegevv: 3:31pm On May 21
Slap on the wrist for inflation

Grandstar will be disappointed
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by CodeTemplar: 3:32pm On May 21
One cosmetic junk after the other.

1 Like

Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by CodeTemplar: 3:32pm On May 21
wegevv:
Slap on the wrist for inflation

Grandstar will be disappointed

hmmm
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by yang(m): 3:33pm On May 21
Okpoefi CBN

interest rate almost 27%

Toilet paper currency, how can jobs be created in such an economy if a factory should pay 27% cost of its construction in 1 year

This is how useless the CBN and zoo Nigeria govt led by a criminal called Thiefnibiyu is

Instead of the govt to reduce their spending and stop overcrowding real sector of the economy in the debt market, they prefer to retain their lavish corrupt lifestyle as Presidency, National and HOuse of Aseembly, Governors, Ministry, paraststal etc to print more naira, create more inflation and impoverish more people

Evil

2 Likes

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