Tuesday, May 17, 2022

CBN Retains Interest Rate At 11.5%

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The Central Bank of Nigeria’s CBN Monetary Policy Committee has retained the Monetary Policy Rate (MPR) at 11.5% and kept all other parameters unchanged. CBN

This was announced by Central Bank Governor Godwin Emefiele on Tuesday, January 25, at the apex bank’s headquarters in Abuja.
READ ALSO: Buhari To Unveil CBN’s RIFAN Mega Rice Pyramids In Abuja

The MPR which has remained unchanged for months is a powerful tool for regulating interest rates in the economy. Central Bank Reduces Intervention Interest Rate From 9% To 5%

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