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Breaking: CBN has increased the interest rate for the fourth time to 16.5%

Rate Captain by Rate Captain
November 22, 2022
in Business
Reading Time: 1 min read
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CBN to Debit Banks by Thursday as it Raises Cash Reserve Ratio to 32.5%
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The Central Bank of Nigeria ( CBN) has raised the interest rates by 100 base points to 16.5%

This was disclosed in the 288th meeting of the Monetary Policy Committee (MPC) held today in Abuja

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CBN to Debit Banks by Thursday as it Raises Cash Reserve Ratio to 32.5%

CBN to reduce the volume of N500, N1000 in circulation to curb inflation

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