Nigerias MPC Expected to Hike Interest Rates Again Amid Rising Inflation Concerns.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria is likely to hike interest rates again, maintaining its stance on inflation-tightening measures amid rising prices. The committee will meet today to make its decision.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria is set to convene today, with expectations that it will maintain its inflation-tightening stance amid rising inflationary pressures. The committee's decision comes after recent data showed a continued increase in prices, which may prompt another interest rate hike to curb inflation and stabilize the economy. If confirmed, this would mark the second consecutive rate hike by the MPC this year, aimed at cooling down consumer price inflation. The outcome of today's meeting is expected to have significant implications for investors and consumers alike.