CBN Aims to Halve Inflation to 21.4% by 2024 Through Lower Rates to Spur Growth
- Inflation expected to fall to 21.4% in 2024 (CBN governor)
- Aims to rein in inflation through inflation-targeting policy
- Hit 28.9% inflation in December 2023
- Lower rates will affect businesses, provide predictable costs
- Could stimulate investment, fuel growth, create jobs