Nigeria Nigeria - Key rates

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Nigeria INTEREST RATES

Interest rates goes up in Nigeria

Nigeria has increased its interest rates by 1.5 percentage points, from 11.5% to an annual rate of 13%.

The key rates a tool used by Central Banks to implement monetary policy.

An increase in interest rates is used to slow down inflation and protect the currency.

This change is the first to have taken place since on September21th 2020, when the Central Bank lowered interest rates by 1 percentage points to 11.5%.

Here we show you the progression of interest rates in Nigeria. You can see interest rates in other countries in interest rates and see all the economic information about Nigeria in Nigeria economy.

Nigeria - Key rates
DateKey rates
05/25/202213.00%
09/21/202011.50%
05/28/202012.50%
03/27/201913.50%
07/01/201614.00%
03/01/201612.00%
11/01/201511.00%
11/01/201413.00%
10/01/201112.00%
09/01/20119.25%
07/01/20118.75%
05/01/20118.00%
03/01/20117.50%
01/01/20116.50%
09/01/20106.25%
07/01/20096.00%
04/01/20098.00%
09/01/20089.75%
06/01/200810.25%
04/01/200810.00%
12/01/20079.50%
10/01/20079.00%
06/01/20078.00%
12/01/200610.00%
01/01/20060%
Nigeria - Key rates