BREAKING: CBN retains lending rate at 11.5%

BREAKING: CBN retains lending rate at 11.5%

11.5%, Cbn Lending Rates

1/25/2022 5:44:00 PM

BREAKING: CBN retains lending rate at 11.5%

The Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.

Other parameters left unchanged are the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.Announcing the committee’s decision, Emefiele said, “After a careful balancing of the benefits and the downside risks of the policy options, the MPC decided to hold all parameters constant, believing that a whole stance will enable the continuous permeation of current policy measures in supporting the recorded growth recovery and further boost production and productivity which will ultimately rein in inflation in the short to medium term.

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It's still high in my opinion,that's why mortgage loans in Nigerians is a no go area. It is still too high and not attractive. Banks don't even give out loans to SME's. Only people like Dangote, Otedola, Arthur get these loans

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Two killed, 11 injured in Anambra road accident – FRSC“A total of 22 persons, including 13 male adults, seven female adults, a male child, and a female child were involved in the crash.”

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JUST IN: CBN Committee Retains Benchmark Interest Rate At 11.5%The Central Bank of Nigeria’s Monetary Policy Committee on Tuesday 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 at the bank’s headquarters in Abuja. The MPR, which has remained unchanged for months, is a powerful tool for regulating … Continue reading JUST IN: CBN Committee Retains Benchmark Interest Rate At 11.5% Lol ok! In a world where we all love ease, i mean, why do so much manual labor when you could work smart and of course hard to achieve even higher income and goals?! Learn how to make 6 figures weekly using your smart phone and an internet connection! Link in bio! 👍 NAZKAMicrofinance Cooperative It's still high given the biting economic reality. Commercial banks would almost hike theirs to over 20%.Why can't the CBN do single digit?

Analyst To CBN: Reduce Lending To Federal Govt Amid Rising DebtsThe Central Bank of Nigeria (CBN) has been urged to cut down on its lending to the federal government as way of reducing the country’s spending spree and True this government must be forced to manage available resources well. CBN is not working in public interest when it refuses to put a cap on how much it lends to the federal government. Every kobo given by CBN to FG is a loan that must be paid back via taxation. So citizens pay4

The CBN Governor, Godwin Emefiele, disclosed this during a briefing after the first Monetary Policy Committee meeting for the year held in Abuja on Tuesday. Other parameters left unchanged are the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively. Announcing the committee’s decision, Emefiele said, “After a careful balancing of the benefits and the downside risks of the policy options, the MPC decided to hold all parameters constant, believing that a whole stance will enable the continuous permeation of current policy measures in supporting the recorded growth recovery and further boost production and productivity which will ultimately rein in inflation in the short to medium term. “The MPC thus decided by a unanimous vote, the MPC voted as follows, one, retain MPR at 11.5 per cent; retain the asymmetric corridor of +100/-700 basis points around the MPR; retain the CRR at 27.5 per cent; and retain the Liquidity Ratio at 30 per cent.” Read Also