Moody’s warns CBN rate cut to 27% may squeeze banks’ profits
yarkarkara
0
0
Nigeria’s recent decision to lower the monetary policy rate is expected to put pressure on the profitability of domestic banks, according to a commentary note from Moody’s Ratings following last week’s Central Bank of Nigeria (CBN) Monetary Policy Committee decision.
The post Moody’s warns CBN rate cut to 27% may squeeze banks’ profits appeared first on The Guardian Nigeria News - Nigeria and World News.
