Browsing: MPC

MPC: Firm Sees 1.50% Interest Rate Hike in Feb Meeting

Julius AlagbeFebruary 25, 20240

To reduce inflation pressure on the economy, the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) is expected to increase its benchmark

CBN Hikes Interest Rate to 18.5%

Marketforces AfricaMay 24, 20230

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark interest rate

Nigeria’s Interest Rate to Hit 19% in July – Fitch

Ogochukwu NdubuisiMarch 24, 20230

In a bid to fight off rising headline inflation rate and stabilise the price level as part of its mandates

CBN Justifies Rates Hike as Measure to Battle Inflation

Marketforces AfricaSeptember 28, 20220

The Central Bank of Nigeria (CBN) says its Monetary Policy Committee (MPC) decision to increase Monetary Policy

Naira Struggles to Retain Value as External Reserves Tumble

Julius AlagbeMay 21, 20210

The Nigerian local currency, Naira, struggles to retain value as external reserves tumble

Monetary Policy Committee cuts benchmark interest rate to 12.5%

Marketforces AfricaMay 28, 20200

Monetary Policy Committee cuts benchmark interest rate to 12.5%. Against investment banking analysts’ expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Thursday cut the policy rate from 13.5% to 12.5%.