The Central Bank of Nigeria (CBN) has adjusted its monetary policy rate to 27.50%, up from the previous 27.25%.
This change was decided after the most recent meeting of the Monetary Policy Committee (MPC), which took place at the bank’s headquarters in Abuja.
The monetary policy rate, a key indicator in setting interest rates, directly influences the cost of borrowing and the overall economy.
Recommended Stories
CBN Governor Yemi Cardoso announced the decision on Tuesday, marking the final MPC meeting of the year.
PAY ATTENTION: Follow Dockaysworld on Instagram and stand a chance to win ₦100,000 in our top fans challenge FOLLOW US NOW to participate and win exclusive prices, airtime and gifts!!!
The move comes amid ongoing efforts to tackle inflation and stabilize the economy.
PAY ATTENTION: Follow Dockaysworld on Whatsapp to never miss breaking news JOIN US NOW to get news that matters at your convenience!!
