Experts react to increase in interest rate, names 4 consequences

Experts react to increase in interest rate, names 4 consequences …C0NTINUE READING HERE >>>

CBN has again raised the benchmark interest rate by a half percentage point to 27.25 percentThe continued rise in the interest rate has consequences on businesses with householdsExperts said raising the lending rates is geared towards slowing rising inflation

Henzodaily.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

In spite of decreasing inflation, the Central Bank of Nigeria (CBN) has increased the benchmark interest rate…

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