Criticism trails CBN’s decision to hike MPR to 14%

29 July 2016, Abuja — The Central Bank of Nigeria(CBN), yesterday, jerked up its Monetary Policy Rate (MPR)to 14 per cent, attracting criticism from business experts who predicted that the hike will lead to increased corporate failures, unemployment and decline in the nation’s stock market. At the end of its Monetary Policy Committee (MPC) meeting […] More »