CBN lifts interest rates to 26.25%, breaking news

Date:

May 22, 2024

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the benchmark interest rate by 150 basis points, from 24.75% to 26.25%, following a two-day meeting on Tuesday.

Read Also: Naira Gains Value At The Official Window And Parallel Market.

The committee is currently briefing media on the reasons behind its actions as well as additional details.

Details to follow….

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