Nigerian Central Bank Hikes Trick Interest Rate Just Days After Naira Plunges to New Low

Complying with the most recent meeting of the monetary policy committee, the Central Bank of Nigeria claims it has actually hiked the financial policy price to 15.5%. By boosting the essential rates of interest by 150 basis factors, the reserve bank intends to & #x 201C; slim the unfavorable actual interest rate gap and check inflation. & #x 201D; The rate boost came simply […]