Economy
Breaking: CBN retains lending rate at 11.5%
The Central Bank of Nigeria, CBN has retained the Monetary Policy rate at 11.5%
CBN’s Monetary Policy Committee took the decision which was announced by the CBN Governor, Godwin Emefiele, after the committee’s two-day meeting in Abuja on Tuesday.
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It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.
At the last MPC meeting in September, the committee reduced the MPR from 12.5 per cent to 11.5 per cent.
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