BREAKING: CBN Retains Benchmark Interest Rates Despite Recession
The meeting of the Monetary Policy Committee, MPC, of the Central
Bank of Nigeria, CBN, which began on Monday, has ended today (Tuesday),
with all key indicators retained.
It resolved to maintain the Monetary Policy Rate, MPR, at 14 per cent, the Cash Reserve Ratio, CRR, at 22.50 per cent and the Liquidity Ratio at 30 per cent.
The CBN Governor, Mr. Godwin Emefiele, who briefed newsmen on the outcome of the meeting of the ten member committee, explained that holding all the rates is best for the economy at the moment.
The meeting of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, which began on Monday, has ended today (Tuesday), with all key indicators retained.
It resolved to maintain the Monetary Policy Rate, MPR, at 14 per cent, the Cash Reserve Ratio, CRR, at 22.50 per cent and the Liquidity Ratio at 30 per cent.
The CBN Governor, Mr. Godwin Emefiele, who briefed newsmen on the outcome of the meeting of the ten member committee, explained that holding all the rates is best for the economy at the moment.
It resolved to maintain the Monetary Policy Rate, MPR, at 14 per cent, the Cash Reserve Ratio, CRR, at 22.50 per cent and the Liquidity Ratio at 30 per cent.
The CBN Governor, Mr. Godwin Emefiele, who briefed newsmen on the outcome of the meeting of the ten member committee, explained that holding all the rates is best for the economy at the moment.
The meeting of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, which began on Monday, has ended today (Tuesday), with all key indicators retained.
It resolved to maintain the Monetary Policy Rate, MPR, at 14 per cent, the Cash Reserve Ratio, CRR, at 22.50 per cent and the Liquidity Ratio at 30 per cent.
The CBN Governor, Mr. Godwin Emefiele, who briefed newsmen on the outcome of the meeting of the ten member committee, explained that holding all the rates is best for the economy at the moment.
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