By Financescape The Nigerian Bureau of Statistics released the consumer price index report for April 2021. The consumer price index, (CPI) which measures inflation increased by +18.12% (year-on-year) in April 2021. According to the NBS report, this is -0.05% points lower than the rate recorded in March 2021 +18.17% and February 2021 […]
Tag: INFLATION
CBN MPC voted to hold MPR at 11.5%
By Financescape The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5%. Decisions The MPC decided to maintain current policy parameters. Monetary Policy Rate (MPR) at 11.50%. The asymmetric corridor at +100/-700 bps around the MPR. Cash Reserve […]