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Breaking: CBN retains lending rate at 11.5%

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The Central Bank of Nigeria, CBN has retained the Monetary Policy rate at 11.5%

CBN’s Monetary Policy Committee took the decision which was announced by the CBN Governor, Godwin Emefiele, after the committee’s two-day meeting in Abuja on Tuesday.

It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.

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At the last MPC meeting in September, the committee reduced the MPR from 12.5 per cent to 11.5 per cent.

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