Interest rate hike will translate to higher funding cost for SMEs, consumers – Comercio Partners
Further increase in the Monetary Policy Rate (MPR), the benchmark interest rate of the Central Bank of Nigeria (CBN), to 17.5 per cent will likely translate to higher funding cost for Small and Medium Enterprises (SMEs), and increased cost of living for consumers, according to Comercio Partners, an investment bank. In a bid to tame […]
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