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Experts Question CBN’s Interest Rate Cut, Stress Need for Strong Internal Sector
business
2026-02-25 12:37:00
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Experts Question CBN’s Interest Rate Cut, Stress Need for Strong Internal Sector
PROFESSOR OF ECONOMICS, EMMANUEL ONWIODUOKIT, HAS JOINED SEVERAL EXPERTS WHO ARE CRITICAL OF THE LATEST ANNOUNCEMENT BY CENTRAL BANK OF NIGERIA OVER REDUCTION OF MONETARY POLICY RATE, MPR, BY 50 BASIS POINTS TO 26.5 PERCENT, NOTING THAT THE MOVE ALONE WILL NOT BE SUFFICIENT TO REVERSE THE ECONOMIC TRAJECTORY THE COUNTRY IS CURRNTLY ON.
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