Interest rate decisions cannot be arbitrary … Let’s focus on stability first

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Interest rate decisions cannot be arbitrary … Let’s focus on stability first -Later this month, the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) will meet to determine interest rates – unchanged, raise, or reduce. The committee at the 295^th meeting of the MPC held on 20^th and 21^st of May 2024 raised the monetary policy rate by 150 basis points to 26.25% from 24.75%.

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