CBN raises monetary policy rate to 18.75% as Folashodun Shonubi presides over first MPC meeting
The Central Bank of Nigeria (CBN) has decided to increase the Monetary Policy Rate (MPR) from 18.5 percent to 18.75%. The decision was announced by Acting CBN Governor, Folashodun Shonubi, following the conclusion of the bank's Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, July 25, 2023.
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Martina Birk
Update: 2024-08-22