The interest rate is really one hell of an issue . Here in Nigeria, an increase in interest rate means it will now cost more for Nigerians seeking to borrow money from the banks for loans such as personal loans, car loans, mortgages, and other forms of consumer loans. In general; those who borrow will likely witness higher interest rates while those who save may attract higher interest depending on their financial muscle. It’s really an extreme sport coping with these policies .