Moody’s warns CBN rate cut to 27% may squeeze banks’ profits

According to a report by The Guardian Nigeria… 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. complete report is on below link. Source: https://guardian.ng/business-services/moodys-warns-cbn-rate-cut-to-27-may-squeeze-banks-profits/