Nigeria's Monetary Policy team opts for small rate hike at first meeting as inflation worsens
ABUJA, July 25 - Nigeria's central bank raised its main lending rate by a smaller-than-expected 25 basis points (NGCBIR=ECI) on Tuesday, saying it preferred a moderate increase to anchor inflation expectations while continuing to support investment. The decision to raise the bank's Monetary Policy Rate to 18.75% is the first since President Bola Tinubu suspended |