Explainer: What makes Nigeria’s MPC raise, hold or cut interest rates?

When the Central Bank of Nigeria’s Monetary Policy Committee meets on November 23 and 24, attention will again turn to one number: the Monetary Policy Rate. The MPR currently stands at 23%, after the CBN reset it from 26.5% in September. But deciding whether to raise, hold or cut interest rates involves much more than […] The post Explainer: What…