Not less than 71.4% of Nigerians are calling for a reduction in interest rates amid growing concerns about inflation and economic hardship.
The survey, which included 1,750 businesses and 1,665 households from 36 states and the Federal Capital Territory, indicated a significant preference for lower interest rates.
The report read: “Most of the respondents (71.
4 per cent) prefer the CBN to reduce the interest rate, while 12.5 per cent expect the interest rate to be raised.
About 58.5% of respondents described the current inflation rate as high, with both businesses and households reporting a negative outlook.
On a month-to-month basis, the headline inflation rate for August 2024 was recorded at 2.22%, reflecting a marginal decrease from 2.
28% in July 2024...
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