CBN: Nigeria raises CRR to 27.5%



CBN NEWS

The central bank has raised cash-reserve-ratio to 27.5% frc 22.5% previous in order to tam inflation due to high financial system liquidity.

Reading mpc decisions on friday cbn gov. emefiele says the body warns that “inflation at 12% is inimical to nigeria's economic growth.’ FG, advised to build fiscal bufers, tread carefully on debt-gdp ratio and dotax reform.



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