BREAKING: CBN leaves benchmark lending rate unchanged at 13.5 per cent

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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent.

The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.

He explained that nine out of the 11 members that attended the meeting agreed to retain the current monetary policy stance.He said apart from the MPR that was retained at 13.5 per cent, the committee decided to hold the Cash Reserves Ratio at 22.5 per cent. Also retained are the Liquidity Ratio which was left at 30 per cent; and the Asymmetric Window which was left at +200 and -500 basis points around the MPR.

 

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So ur opurpose of been re elected is to make life unbearable for us. Shit

Nigeria is just scam why not single digit so that investors can acquire such loan.

Another round of applause for his reappointment. Isn't this what we signed for? Single digit is too difficult to attain. That's rocket science

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