Nigeria’s central bank on Tuesday retained its interest rate amid rising inflation. The Monetary Policy Committee held the rate at 13.5 percent in a 9 to 2 vote, the central bank governor Godwin Emefiele told reporters in Abuja, the nation’s capital. It will recalled that the regulator in March cut its key rate, the first [.]
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The Central Bank of Nigeria (CBN) has kept all its monetary policy tools steady, including the benchmark interest rate at 13.5 per cent after a surprise 0.5 per cent point cut two months ago. It.
The Central Bank of Nigeria (CBN) has retained its Monetary Policy Rate (MPR) at 13.5 percent for the second time. The Governor of the bank, Mr Godwin Emefiele, disclosed this, in Abuja, Tuesday afternoon, while briefing the press at the end of the 227th Monetary Policy Committee (MPC) meeting.
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The Don urged the CBN to create incentives for expansion in the economy. "Reducing the MPR to 13.5 per cent is too low to bring about any relief to the economy as it were.
JUST-IN: CBN Reduces MPR To 13.5% Monetary Policy Committee of the Central Bank of Nigeria (CBN) has decided by a vote of six members to adjust the Monetary Policy Rate (MPR) by 50 basis
The Central Bank of Nigeria (CBN) Tuesday resolved to leave the Monetary Policy Rate (MPR), otherwise known as interest rate, at 13.5 per cent. It also retained other parameters including Cash Reserve Requirements (CRR) at 12.5 per cent and Liquidity Ratio at 30 per cent.
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 13.5 per cent.. "The MPC voted to retain MPR at 13.5%. Retain CRR at 22.5%. Nigeria’s central bank on Tuesday retained its interest rate amid rising inflation.
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The monetary policy committee of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate by 50 basis points. This means that the MPR, which is put at 14%, was eased to 13.5%. Announcing the decision of the committee earlier today at the apex bank’s headquarters, Godwin Emefiele, the CBN governor, said there [.]
Central Bank of Nigeria Governor Godwin Emefiele announced that the Monetary Policy Committee (MPC) has decided on Tuesday to retain the MPR rate at 13.5 per.