Continued tightening of the monetary policy as a way of taming inflation by the Central Bank of Nigeria (CBN) is eliciting reactions dominated by knocks among those who are in the know about the workings of the economy, with many citing unaddressed inflation drivers.
The apex bank had after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rate from 16.5 per cent to 17.5 percent, noting that decelerating inflation is not enough to halt interest rates just yet.
