The Monetary Policy Committee of Central Bank of Nigeria has reduced Monetary Policy Rate , to 12.5 per cent.
The MPR is the instrument used by thole Central Bank of Nigeria through the MPC to control interest/ lending rates This is the seconding MPC meeting in row that will be held under COVID-19 protocols. While delivering the communique, CBN Governor, Godwin Emefiele said other monetary policy parameters remained unchanged.
Emefiele said the MPC resolved to retain the Liquidity Ratio at 30 per cent, Cash Reserve Requirement at 27.5 per cent and the asymmetric corridor at +200/-500 basis points around the MPR. A few weeks back Asiwaju Bola Ahmed Tinubu had called on the CBN to reduce interest rates so that investors and manufacturers can access fund at a cheaper rate.
Kudos but we hope for more cut👌
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UPDATED: MPC slashes interest rate to 12.5%The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent.The MPR...
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BREAKING: MPC slashes interest rate to 12.5%The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent.The MPR...
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BREAKING: MPC slashes interest rate to 12.5%The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent.The MPR...
Source: TheNationNews - 🏆 6. / 69 Read more »
UPDATED: MPC slashes interest rate to 12.5%The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent.The MPR...
Source: TheNationNews - 🏆 6. / 69 Read more »
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