CBN’s 23% Interest Rate Cut: What Nigerian Banks Are Changing in Lending Rates and Savings Rates for Borrowers and Savers
CBN’s 23% Interest Rate Cut: What Nigerian Banks Are Changing in Lending Rates and Savings Rates for Borrowers and Savers Two weeks after the Central Bank of Nigeria cut its benchmark rate by 350 basis points to 23 percent, banks have started to respond, but not in the way most borrowers hoped. Savings rates are … Read more