The Centre for the Promotion of Private Enterprise, CPPE, has commended the Central Bank of Nigeria, CBN, for a moderate interest rate hike.
It also called for urgent implementation of fiscal policies to stabilise the economy.
Dr Muda Yusuf, Chief Executive Officer of CPPE, made the call in a statement on Tuesday while responding to the outcome of the Monetary Policy Committee, MPC, meeting of the CBN.
The meeting started Monday, July 22, and ended Tuesday, July 23, in Abuja.
The apex bank had increased the Monetary Policy Rate, MPR, to 26.75 per cent from 26.25 per cent to address the surging inflation in the country.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
