THE IMPACT OF RISING INTEREST RATE ON MANUFACTURING SECTOR OF THE NIGERIAN ECONOMY
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Central Bank of Nigeria is responsible for implementing monetary policy, regulating and supervising banks, and operating the payments system. With these responsibilities come the authority to raise and lower national interest rates in the banking industry. Interest rate movements help balance inflation and keep the economy stable. When the economy slows and inflation is high, the CBN raises interest rates to ...
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