CBN maintains Emefiele’s hawkish stance, raise rate to 18.75

On Tuesday, the Central Bank of Nigeria (CBN) raised its benchmark interest rate, known as the Monetary Policy Rate (MPR), by 25 basis points to 18.75, maintaining the hawkish stance of ousted governor Godwin Emefiele. The CBN also adjusted the asymmetric corridor around the MPR to +100-300. Also Read: CBN raises interest rate to 18%
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