22 March 2016, Abuja – In a bid to tighten money supply in response to the sharp increase in inflation in February, the Central Bank of Nigeria (CBN) Tuesday raised its Monetary Policy Rate (MPR) to 12 percent from 11 percent. The Bank also increased the portion of customers’ deposits that banks must keep as […] More »
CBN tightens money supply, raises MPR to 12%
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