High cost of borrowing: Who is fooling who?

Henry Boyo

The CBN’s Monetary Policy Committee decided, at its meeting last week, to retain critical monetary instruments, at levels that will discourage access to cheaper credit, particularly to operators in the real sector. Hereafter, CBN’s inability to acquiesce to pleas of the Finance Minister and several other financial experts to lower interest rates will be examined in the following interview format. Please read on: