Raising MPR to 22.5% good for economy, Moghalu backs CBN

A professor of Economics, Kingsley Moghalu, has described the raising of the Monetary Policy Rate (MPR) by 400 basis points to 22.75 percent from 18.75 percent, by the Central Bank of Nigeria (CBN) as a necessary move to tame the inflation ravaging the economy. Moghalu, a former Deputy Governor of the apex bank gave this […]

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