The Monetary Policy Committee of the Central Bank of Nigeria may raise the Monetary Policy Rate, otherwise known as the benchmark interest rate at the end of the meeting on Tuesday, according to financial analysts.

The MPC began its two-day meeting on Monday, a few days after the National Assembly screened and okay new members of the MPC.

MPC meeting this week became the first meeting since the new CBN Governor, Olayemi Cardoso, assumed the leadership of the apex bank.

There had been concerns over the failure of the MPC to meet. With rising inflation and the naira experiencing volatility against the United States dollar, there are reports the MPC may raise the benchmark interest rate.

https://punchng.com/analysts-foresee-interest-rate-hike-as-mpc-holds-meeting/