CBN LIKELY TO RAISE INTEREST RATE TO HALT INFLATION. (PHOTO).

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 CBN likely to raise interest rate to halt inflation ....Experts predict MPC tightening of monetary policy The Central Bank of Nigeria (CBN) is set to tighten further its monetary control in a renewed bid to moderate resurgent inflationary pressure. The Monetary Policy Committee (MPC), the highest policy-making organ of the apex bank, begins a two-day meeting today with policy response to mounting inflationary pressure as the main agenda. Analysts’ consensus and sources close to the apex bank were unanimous that the apex bank would increase the benchmark interest rate, the Monetary Policy Rate (MPR), in line with the bank’s avowed focus on curbing inflation and creating a stable investment environment. The MPC, headed by the Governor of the CBN, provides monetary policies and benchmarks, which determine the direction of the financial services sector, and the economy to a large extent. Headline inflation rate broke a two-month breather to record two consecutive monthly increases, raisin
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SPANISH PLAYER DEFENDS FA PRESIDENT FOR KISSING HER AFTER WORLD CUP VICTORY. (PHOTO).

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Spanish player defends FA President for kissing her after World Cup victory


Spain midfielder, Jenni Hermoso, has defended Spanish football federation president Luis Rubiales after he came under fire for kissing her on the lips following the team's Women's World Cup victory on Sunday.


Rubiales was criticised on social media for kissing Hermoso during the medal ceremony after Spain beat England 1-0 to lift the trophy for the first time.


"I didn't like it," said Spain midfielder Hermoso on an Instagram live stream after the game, although she was laughing as she spoke.


Later Hermoso said the moment was a "natural gesture of affection".


"It was a totally spontaneous mutual gesture because of the immense joy that winning a World Cup brings," said Hermoso, in comments passed to AFP by the Spanish federation.


"The president and I have a great relationship, his behaviour with all of us has been outstanding and it was a natural gesture of affection and gratitude.


"A gesture of friendship and gratitude cannot be gone over so much, we have won a World Cup and we are not going to deviate from what is important," she added.


AFP



 

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