IMF urges CBN to continue raising interest rate
The International Monetary Fund (IMF) has urged the Central Bank Nigeria (CBN) to continue to tighten monetary policy rates to rein in inflation. The IMF Director of Research Department, Pierre-Oliver Gourinchas said this while releasing the World Economic Outlook report at the ongoing IMF/World Bank Spring meetings in Washington DC. The fund in its World Economic Outlook (WEO) ‘A Rocky …