Why CBN’s interest rate hike will fail to reduce Nigeria’s hyper inflation - Nairametrics

Nigeria's Central Bank has taken a hawkish stance against inflation by raising its benchmark interest rate to 13% from 11.5%

Nigeria’s Central Bank has taken a hawkish stance against inflation by raising its benchmark interest rate to 13% from 11.5% (a 150bps hike). However, experts and scholars have stated that the rate h… [+6904 chars]

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