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CBN Hikes Monetary Policy Rate to 22.75%, CRR to 45%

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised its monetary policy rate to 22.75%.

The MPR was increased from 18.75%. The Cash Reserve Ratio (CRR) was raised to 45% from 32.5 percent.

Details Later…



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