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Monetary Policy Rate

Money market

Expert criticises sharp rise in Nigeria’s Monetary Policy Rate

In a recent development that has stirred economic debate, the Central Bank of Nigeria’s decision to hike the Monetary Policy Rate (MPR) by a substantial 400 basis points has been labeled as “overkill” by Prof. Uche Uwaleke, a distinguished professor…

NewsDirect
February 29, 2024

Money market

CBN retains MPR at 11.5%, other parameters remain constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday,…

NewsDirect
November 24, 2021