NECA Director-General, Adewale-Smatt Oyerinde, said this in a statement Wednesday, in Lagos.
Browsing: Monetary Policy Rate
The CBN Governor, Godwin Emefiele, announced this on Monday in Abuja while reading a communique from the apex bank’s second MPC meeting for 2022.
Emefiele spoke after presenting the outcome of the two-day Monetary Policy Committee meeting on Tuesday in Abuja.
The CBN Governor, Godwin Emefiele, who made this known on Wednesday while presenting the communique from the MPC meeting, said the committee also agreed to hold all other parameters constant.
Godwin Emefiele, Governor of the CBN, disclosed this while reading the communiqué from the meeting.
The decision was taken after a two-day Monetary Policy Committee Meeting in Abuja.
The Monetary Policy Committee for the 14th consecutive time retained the Monetary Policy Rate at 14 per cent.
The Manufacturers Association of Nigeria, MAN, has urged the Central Bank of Nigeria, CBN, to reduce its Monetary Policy Rate from 14 per to boost lending to the real sector.
Onyepere, who said this in an interview with the News Agency of Nigeria on Monday in Abuja, noted that this could be a solution to high lending rates by financial institutions.
The financial experts said this in an interview with the News Agency of Nigeria while reacting to expectations for the long-awaited first MPC meeting of the year.
Uwaleke, an Associate Professor and Head of Banking and Finance at the Nasarawa State University, Keffi, said this in an interview with the News Agency of Nigeria in Abuja.
The decision was taken at the two-day meeting of the MPC at the headquarters of the CBN in Abuja
The CBN Governor, Godwin Emefiele, who announced this at a news conference in Abuja on the outcome of the MPC meeting, said the apex bank had no immediate plan to further devalue the Naira