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Outcry among Nigerians as CBN raises interest rates again - NIGERIAN TRIBUNE
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday again raised the Monetary Policy Rate from 24.75 percent to 26.25 percent.
Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) decided to increase the Monetary Policy Rate (MPR) for the third consecutive time in an effort to curb the country’s soaring inflation, which reached 33.69 percent in April 2024.
However, Nigerians have reacted with an outcry as the CBN raised interest rates for the third time in four months to 26.25 percent.
