Reflections on CBN and interest rate dynamics

By ARIZE NWOBU Interest rate is the cost of money and one of the major macroeconomic variables which determine the dynamics, direction and health of an economy.  Other major macroeconomic variables are exchange rate, inflation rate, unemployment rate, imports and exports and consumer confidence.  Central banks determine the interest rates for their respective economies towards attaining […] The post Reflections on CBN and interest rate dynamics appeared first on Vanguard News.

By Emmanuel Okogba