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Topic: Investors respond to rate hike as equities shed N2trn in 5 days  (Read 659 times)

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Investors respond to rate hike as equities shed N2trn in 5 days
« on: March 05, 2024, 01:09:12 AM »
Investors respond to rate hike as equities shed N2trn in 5 days

Investors have started to react to the recent rate hike by the apex regulatory bank as equities shed N1.83 trillion a week after the Cardoso-led Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR), which is the nation’s benchmark interest rate, from 18.75 per cent to 22.75 per cent at the end of […]
Source: Investors respond to rate hike as equities shed N2trn in 5 days

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