CPPE urges CBN to suspend increase in interest rate

Ahead of Tuesday’s Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), the Centre for the Promotion of Private Enterprise (CPPE) has asked the apex bank to suspend the planned increase in banks’ interest rate.

The Chief Executive Officer of the think-tank, Dr. Muda Yusuf, the call in an interview with journalists on Sunday in Lagos.

He urged the MPC to keep the increase minimal if there must be an increase at all.