Analysts Fear MPC’s New Interest Rate Could Spike Cost Of Borrowing, Muscles Businesses

LAGOS – Analysts have warned that the recent Central Bank of Nigeria’s Monetary Policy Committee (MPC) onslaught to curb the runaway inflation rate by hiking the benchmark rate to 15.5%,   and the CRR baseline for Deposit Money Banks (DMBs) may aid disinflationary moves, but dampens banks’ ability to sweat out assets. “This would cause […]