Posts Tagged ‘Interest rates’

POLICY FAILURE| CBN Cuts Interest Rates to 11.00%

In a sign that the recent stimulatory policy has failed, the Central Bank of Nigeria (CBN) has cut their benchmark interest rates by over 200 basis points. However, the rate cut could just be the tip of the ice berg as the Nigerian economy faces a self-imposed, diminished growth environment. It is largely no surprise […]