High Interest Rates Threaten Growth, Stakeholders Warn CBN

High Interest Rates Threaten Growth, Stakeholders Warn CBN

High interest rates remain a major concern for businesses, with stakeholders warning that persistently tight monetary policy could slow economic growth and limit access to credit. President of the Enugu Chamber of Commerce, Industry, Mines and Agriculture, Nnanyelugo Onyemelukwe, said the Central Bank of Nigeria’s (CBN) reforms have strengthened transparency and rebuilt investor confidence, but borrowing costs remain high. He urged the bank to g…