fullclub:


As a macro economic student.... It will help slow down the inflation as money will be sucked from the system.

It's a contractionary monetary policy that makes less money available for borrowers and people will rather safe there funds than spend it as it guarantees more interest.

But the downside is it slows down investments

givedemwotowoto:
You raise interest rates when there’s inflation, to slow down the economy a little bit

In Nigeria’s case, however, people already have low purchasing power, so slowing down the economy will become even more disastrous

Businesses who are already struggling to sell, will borrow at higher interest rates and transfer the cost further to the buyers

Paraman:
The steps taking by the CBN so far has made inflation rate slow down. By may, June or July, inflation should start falling

Khyrvxjzy:
igbos are coming against this news

Sultannayef:


It’s more than 27%. Banks do add some percentage on top when lending. You won’t get any loan below 30%.

Laladre1:


You must be a stack illiterate.

Timmi:


As you've said that if raising interest rate is meant to curb inflation, then why then did you said CBN raising interest does not meant well for the populace. That shows your nincompoop character

Localemperor:
Inflation does not fall illiterate, Economic policies can only leads to deflation...