CBN Raises Monetary Policy Rate To 18%, Insist On Cashless Policy

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate to 18 per cent to check the rising level of inflation in the country.

The CBN Governor, Godwin Emefiele, who made the disclosure at an ongoing media briefing on Tuesday to mark the end of this month’s Momentary Policy Committee meeting, said the level of inflation has remained on the increase.

THEWHISTLER : Read More