The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 14 per cent.
The decision was taken at the two-day meeting of the MPC at the headquarters of the CBN in Abuja.
Announcing the decision to newsmen at the end of the meeting, the Governor of the CBN, Godwin Emefiele, said nine out of the 10 members of the MPC in attendance voted in favor of the retention of the lending rate.
The only dissenting voice voted for an increase.
Emefiele said the committee retained other monetary policy parameters such as the Cash Reserves Ratio at 22.5 per cent, Liquidity Ratio at 30 per cent and the Asymmetric Corridor at 200 basis points.
Trending
- EFCC arrests Sirika over alleged N8b fraud
- Alleged fraud: Court admits nurse to N50m bail
- I regret wearing bikinis, nudity – Rihanna
- N80.2bn fraud: Yahaya Bello disregarded invite – EFCC Chairman
- Oyebanji hails Alebiosu’s appointment as acting MD/CEO First Bank
- Sanusi mourns passing of former NFF Board Member, Stephen Gyebgon
- President Federation Cup: Women teams on holiday as men’s Round of 64 games hold next week
- Why Peter Obi should support Lagos-Calabar coastal road project – Ohanaeze Ndigbo