The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has defended the bank’s decision to raise the Monetary Policy Rate to 27.25 per cent, describing it as a necessary move to control inflation and curb excess money in circulation.
This is according to a press statement from the apex bank on Sunday.
Speaking during an address at the Harvard Club of Nigeria over the weekend, Cardoso emphasised that the rate hike, while tough on…
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