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Topic: Cardoso Signals Persistent High Interest Rates Amid Inflation Battle  (Read 1201 times)

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Cardoso Signals Persistent High Interest Rates Amid Inflation Battle
« on: May 14, 2024, 01:02:36 pm »
Cardoso Signals Persistent High Interest Rates Amid Inflation Battle

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has signalled that interest rates will remain elevated until the inflation rate recedes, as reported by the Financial Times on Monday.  Cardoso emphasised the adoption of orthodox policies to combat inflation, which soared to 33.20 per cent in March from 31.70 per cent in […]

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