Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low #nft #crypto #bitcoin

Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just … Read moreNigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low #nft #crypto #bitcoin