The Central Bank of Nigeria (CBN) continued to increase the Monetary Policy Rate (MPR), otherwise known as the interest rate, to combat inflation could stifle economic growth, analysts have said.  The apex bank’s Monetary Policy Committee (MPC) raised the benchmark interest rate by 50 basis points to 18.0% from 17.5% at the end of its two-day meeting … Continue reading Analysts Warn CBN of Continued Increase on Interest Rate to Combat Inflation