CBN Decide On Interest Rate Tuesday, Experts Warn Against Further Hike

The Senior Partner and Chief Economist at SPM Professional, Paul Alaje and Nigeria’s first professor of Capital Market Studies, Uche Uwaleke have warned that the tinkering of the Monetary Policy Rate by the Central Bank of Nigeria will not moderate inflation citing that over 60 per cent of the country’s inflation is non-monetary.

Speaking to THE WHISTLER, Alaje argued that hiking MPR will crowd out investment, create poverty and stagnate the Nigerian economy.

THEWHISTLER : Read More