Connect with us

Hi, what are you looking for?

E-Financial

CBN Cuts Key Interest Rate to 23% in Major Monetary Easing Move

Olayemi Cardoso
Olayemi Cardoso

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reset the monetary policy rate (MPR) to 23 per cent.

CBN Governor, Olayemi Cardoso, announced the decision on Tuesday at the end of the committee’s 307th meeting in Abuja.

Cardoso said, “The Committee decided as follows: reset the monetary policy rate to 23 per cent.

Loading

Spread the love
Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NCC
ad

You May Also Like

Politics

The Presidency has refuted viral social media claims alleging that President Bola Tinubu’s administration accumulated ₦120 trillion in debt over its first three years...

E-Financial

Access Holdings has been fined N557 million by CBN over FX Breaches and ‘Fictitious’ Forwards, RaveNewsOnline reports. Access Holdings Plc disclosed that its banking...

Opinion

By Sunday Ehigiator Young Nigerians seeking capital to meet major financial commitments, acquire assets, pursue education and fund business ambitions may find a new...

News

National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening Nigeria’s digital sovereignty and protecting the nation’s critical digital infrastructure through its...