HomeBreaking NewsAgain, CBN raises lending rate to 26.25%

Again, CBN raises lending rate to 26.25%

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline lending rate by 150 basis points to 26.25 per cent.

Mr Yemi Cardoso, the Governor of CBN said this on Tuesday in Abuja, while reading the communique from the 295th meeting of the MPC.

ALSO READ: CBN postpones implementation of processing fees on cash deposits to Sept. 30

The News Agency of Nigeria (NAN) reports that this is the third consecutive tightening of the lending rate, known as the Monetary Policy Rate (MPR) by the MPC under Cardoso. NAN

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