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Nairaland Forum / Nairaland / General / Business / CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels (15899 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 Nahunger(m): 4:43pm On May 21 |
Paraman: Don't make me laugh 😂😂😂😂😂 |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Paraman: 4:46pm On May 21 |
Trimjos:You're in pains ![]() |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Trimjos: 4:47pm On May 21 |
Paraman: Stop masking ur pains with the laugh emoji |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Paraman: 4:47pm On May 21 |
Trimjos:I love the fact that you're in pain 😁 |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by harrypetty(m): 4:48pm On May 21 |
samwillyco1: 2 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by ufotunang: 5:10pm On May 21 |
Federal government/ CBN keep on destroying the economy with your harsh economic policies |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by ufotunang: 5:11pm On May 21 |
One of Tinubu achievements in one year in office... nawaoooo 🙄 |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Niok: 5:32pm On May 21 |
Paraman:see as e stretch am by may June or July U no go like add more months make e reach December bst! |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Doyin2(m): 5:35pm On May 21 |
Paraman: Mumu analyst. Nigeria’s inflation is cost push nothing more. Inflation would remain for as long as the cost of production including cost of capital(interest rate),fuel and transport rises. Only quack economists would fight Nigeria’s brand of inflation by increasing interest rates,because of the very stupid belief of excess money supply and “ attraction” of very volatile portfolio investments. 3 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Queengee: 5:37pm On May 21 |
[quote author= 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.[/quot This man |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by steeltrust: 5:42pm On May 21 |
Expect dollar to raise and naira to fall to 1850 or so |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by karkinase(m): 5:51pm On May 21 |
steeltrust:No it’s the reverse Naira will strengthen but for how long… |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by victorbass1234: 6:10pm On May 21 |
Paraman: Oh lawd. Please what nonsesne. Is this one saying !!?? 2 Likes |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by membranus: 6:29pm On May 21 |
I have never heard of CBN of lowering the MPC interest rate over the years, they are always increasing it. Why? |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by MetalJigsaw(m): 6:29pm On May 21 |
Ogbodavies:🤣🤣🤣 or over 4.5 goals. |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by bdon123(m): 6:42pm On May 21 |
Paraman:U are very stupid....do u hav millions in loan taken frm bank?imagine u took a loan 2 years ago at 15% n now its 27% repayment jst like that. Where do u start frm |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Sultannayef: 6:54pm On May 21 |
bdon123: It’s more than 27%. Banks do add some percentage on top when lending. You won’t get any loan below 30%. 1 Like 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Doyin2(m): 6:57pm On May 21 |
membranus: Because we have mumu and insane CBN officials always applying textbook economic theories without considering local conditions and circumstances. They are insane because insanity is when you keep on doing the same thing and expect different result. Nigeria’s inflation is import and cost push,CBN officials over the decades kept on assuming our inflation Is due to excess money supply and expecting very volatile portfolio foreign investment . 3 Likes 2 Shares |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Doyin2(m): 7:05pm On May 21 |
Sultannayef: Correct. And we have a very insane government that rates productivity below anti inflation,yet prices keep on rising. No economy can be productive and developed with over 30% aggregate interest rate! SMEs need cheaper funds to be more productive!! 1 Like 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by PraiseHim4ever: 7:07pm On May 21 |
Ok..
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Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Konquest: 7:15pm On May 21 |
ogododo: |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Nwaokunkpara: 7:18pm On May 21 |
Timmi: You're very senseless to think that whatever economic policy this administration has adopted so far have meant well for the populace. Raising interest rate is meant to curb inflation but in Nigeria the reverse is the case |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Konquest: 7:32pm On May 21 |
Doyin2:The bolded is succinctly stated. Central Bank Governors worldwide keep mouthing and using these text book economic theories and end up muddling up the entire purchasing power of folks around the world. That reference to inflation or hyperinflation being triggered by excess money supply simply riles me whenever I hear it. To control inflation due to the aftermath of the COVID-19 lockdowns and the Russian-Ukraine War, the United States FED increased interest rates month after month starting from March 2022 but with increasing interest rates come higher costs of borrowing from banks for businesses and others. 1 Like 1 Share |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Konquest: 7:38pm On May 21 |
Konquest: |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by lastkingsman: 7:42pm On May 21 |
fullclub: The interest rate (26%) looks like the interest rate of a country at war. What you are quoting is text book economics. If you want to bring inflation down in Nigeria, tackle food inflation caused by insecurity and ramp up crude oil production to bring exchange rate down. Chikena 1 Like |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by steeltrust: 8:14pm On May 21 |
karkinase:we are saying same thing I de talk 12 you de talk dozen No be thesame thing |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by IdeasPro(m): 8:23pm On May 21 |
Paraman:What month are you now? March and April, abi? |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Paraman: 8:33pm On May 21 |
IdeasPro:Do you have the inflation rate of May 2024 with you? Share it with me |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by Timmi: 9:04pm On May 21 |
Nwaokunkpara: As you've said that if raising interest rate is meant to curb inflation, then why then did you said CBN raising interest does not meant well for the populace. That shows your nincompoop character |
Re: CBN Raises Interest Rate To 26.25 % Amid Soaring Inflation Levels by smeag0l(m): 9:23pm On May 21 |
This is what i was expecting someone to say. The food inflation in Nigeria is not caused by natural economic issues so trying to solve it with a fiscal tool won't work. It'll rather worsen the situation. givedemwotowoto: |
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