By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Hour

News Hour

  • Breaking News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Crime
  • Agriculture
  • Columns
  • Health
Reading: Lending rate still at 11.5%, says CBN Governor Emefiele
Share
Notification Show More
Font ResizerAa
Font ResizerAa

News Hour

News Hour

  • Breaking News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Crime
  • Agriculture
  • Columns
  • Health
  • Breaking News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Crime
  • Agriculture
  • Columns
  • Health
Follow US
  • Advertise
© 2023 News Hour - All Rights Reserved.
News Hour > Blog > Breaking News > Lending rate still at 11.5%, says CBN Governor Emefiele
Breaking NewsBusiness

Lending rate still at 11.5%, says CBN Governor Emefiele

News hour
Last updated: 2022/01/26 at 9:00 PM
News hour 2 years ago
Share
SHARE

The Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.

The CBN Governor, Godwin Emefiele, disclosed this during a briefing after the first Monetary Policy Committee meeting for the year held in Abuja on Tuesday.

Other parameters left unchanged are the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.

Announcing the committee’s decision, Emefiele said, “After a careful balancing of the benefits and the downside risks of the policy options, the MPC decided to hold all parameters constant, believing that a whole stance will enable the continuous permeation of current policy measures in supporting the recorded growth recovery and further boost production and productivity which will ultimately rein in inflation in the short to medium term.

“The MPC thus decided by a unanimous vote, the MPC voted as follows, one, retain MPR at 11.5 per cent; retain the asymmetric corridor of +100/-700 basis points around the MPR; retain the CRR at 27.5 per cent; and retain the Liquidity Ratio at 30 per cent

You Might Also Like

Reinstatement of Intel contract: I won’t benefit from it, says Atiku Abubakar

Naira falls to N791/$1 in official market

WE ARE HIRING ! WE ARE HIRING !!

Anambra Govt holds investment summit, signs Mous with thirteen organizations

Ezeokenwa lauds Soludo over Anambra investment summit

News hour January 26, 2022 January 26, 2022
Share This Article
Facebook Twitter Email Print
Previous Article Enugu Disco starts aggressive revenue drive 
Next Article  FG to deploys autogas in filling stations, convert 200,000 vehicles
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US
© 2023 News Hour - All Rights Reserved.
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Register Lost your password?