CBN survey shows 12-month interest rates rise

The Central Bank of Nigeria (CBN) has released the second quarter 2018 Inflation Attitudes Survey, which showed that interest rates had risen in the last 12 months by 0.8 points to 32.4 points. The first quarter figure stood at 31.6 points.

The survey, conducted from May 19 to June 7, 2018 through a sample size of 2070 households randomly selected from 207 Enumeration Areas (EAs) across the country,  had a response rate of 80.4 per cent.

On the other hand, 7.4 per cent of respondents believed that interest rates had fallen, 17 per cent of the respondents were of the opinion that the rates stayed about the same in the last 12 months, while 43.2 per cent of the households had no idea.

Read more: http://thenationonlineng.net/cbn-survey-shows-12-month-interest-rates-rise/

Comments (1)

  • Babagana Reply

    Babagana Modu vigilante group of Nigeria.

    Oct 01 2018 05:04:26 PM

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