Archives Tag: interest rate benchmark
CBN Reduces Interest Rate Benchmark to Stimulate Economic Growth
April 19, 2022
For the first time in six years, Central Bank of Nigeria has reduced the benchmark for its interest rate, cutting it from a record high of 13% to 11%, differing from other countries in Africa that have tightened their monetary policies because of their weak currencies. No one, not even the 20 economists surveyed by … Continue reading CBN Reduces Interest Rate Benchmark to Stimulate Economic Growth
By mary-odunuga
