Comercio Partners warns CBN against further interest rate hike

Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) slated for February 26-27, 2024, leading investment banking firm, Comercio Partners Limited, has warned the apex bank against further increase of interest rate.

Such a move, the firm projected, will not augur well for the economy.

Comercio Partners gave this warning during a media launch to present the firm’s Macroeconomic Outlook for 2024, themed, “Finding Rain in Drought”.