Inflation Control: CBN Governor Defends Interest Rate Hike As Crucial For Economic Stability

October 7, 2024
Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained the bank’s decision to increase the Monetary Policy Rate (MPR) to 27.25% as a necessary step to control inflation. He made this known during an address at the Harvard Club of Nigeria over the weekend.

 

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Malawian ref Philip Nkhakananga
Previous Story

AFCON 2025 Qualifiers: Super Eagles Get Malawian Referees Against Libyan Knights

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025
Next Story

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th October 2024

Featured Stories

Latest from Business

‘Rare Earths ‘Arms Race’ Will Define 2026’

The global scramble for rare earths and other critical minerals is accelerating, and financial advisory giant deVere Group believes it will be one of the defining investment themes of 2026 as the United States and China intensify their fight for control of the materials
Malawian ref Philip Nkhakananga
Previous Story

AFCON 2025 Qualifiers: Super Eagles Get Malawian Referees Against Libyan Knights

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025
Next Story

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th October 2024

Don't Miss

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

MTN Nigeria Ends Issuance Of N90bn Series II Fixed Rate Bonds

MTN Nigeria Communications Plc (MTN Nigeria) has successfully completed the
images 93

PIB Is Game Changer For Local Community Development, Says Shoreline CEO

The Chief Executive Officer, Shoreline Energy Group, Mr. Kola Karim,