CBN rate hold keeps borrowing costs above 30%, economists renew calls for cuts

The Central Bank of Nigeria (CBN) is under renewed pressure to begin easing its tight monetary policy as economists, financial analysts and business leaders argued that persistently high interest rates are constraining private sector growth, limiting access to credit and slowing job creation despite signs of easing inflation. The post CBN rate hold keeps borrowing costs above 30%, economists renew calls for cuts appeared first on Nairametrics .