Interest rate hike may create sluggish economy, experts warn

Interest rate hike may create sluggish economy, experts warn

The Central Bank of Nigeria’s interest rate hike may create a sluggish or stagnant economy for the country, economists have warned. The increase in interest rate and floating of naira by the CBN are moves that will crowd out investment and job opportunities, according to an economist and researcher, Mr Paul Alaje. Also, a chartered

 
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