The monetary policy committee of the Central Bank of Nigeria has retained the monetary policy rate , which measures interest rate, at 11.5 percentThe monetary policy rate is the baseline interest rate in an economy, every other interest rate used within an economy is built on the MPR.
Addressing journalists on Monday after the committee’s two-day meeting at the CBN headquarters in Abuja, Godwin Emefiele, governor of the apex bank, said the committee members voted to hold key rates steady.Advertisement
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JUST IN: CBN Retains Benchmark Interest Rate At 11.5%The Central Bank of Nigeria’s Monetary Policy Committee has retained the Monetary Policy Rate (MPR) at 11.5% and kept all other parameters unchanged. CBN Governor Godwin Emefiele made the announcement while addressing journalists on Monday. The MPR, which has remained unchanged for months, is a tool for regulating interest rates in the economy. Lowering … Continue reading JUST IN: CBN Retains Benchmark Interest Rate At 11.5% Emefele's blatant lie about covid pandemic is amazing and musing.I got tired watching the lie and angrily changed the channel.
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