Tag: MPR: Banks Jerk Up Interest Rates on Savings

  • MPR: Banks Jerk Up Interest Rates on Savings 

    MPR: Banks Jerk Up Interest Rates on Savings 

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    by

    Olumide Akinrinlola
    in

      Banks have begun to increase interest rates on deposits in line with the sustained hike in the Monetary Policy Rate, MPR, by the Central Bank of Nigeria, CBN. At its last Monetary Policy Committee, MPC, meeting previous week, CBN raised MPR by another 25 basis points the sixth consecutive raise in the past one…