Tag: CBN Retains Benchmark Interest Rate At 11.5%

  • CBN Retains Benchmark Interest Rate At 11.5%

    CBN Retains Benchmark Interest Rate At 11.5%

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    by

    Starnews NG
    in

    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 interest…