BREAKING: CBN retains MPR at 13.5%

515

The Central Bank of Nigeria through its monetary policy committee have again retained its Monetary Policy rate at 13.5%

The governor of the apex bank, Godwin Emefiele announced this on Tuesday at the conclusion of the Monetary Policy Committee meeting which lasted for two days.

Emefiele also announced that the committee retained its Cash Reserve Ratio at 27.5% while the liquidity was retained at 30%

According to the governor, the decision was reached to allow previously announced interventions time to permeate the economy and allow pandemic to wear out itself.

 




Leave a Reply

Your email address will not be published.