Monetary policy rate: Experts says 15.5% interest rate will negatively impact the economy


Meanwhile, experts say the hike in interest rate will impact negatively on the economy.

Speaking earlier in an interview with TV360 Nigeria, the CEO for the Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf says reviews it will also prove a major challenge to investors indebted to banks.

He said the increase will not do much to curb rising inflation in the country.

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