CBN Retains MPR At 13.5%

The Central Bank of nigeria (cbn) monetary policy committee (MPC), on Tuesday, retained key lending rate at 13.5%. Central Bank Governor godwin emefiele speaks at the monthly mpc meeting in Abuja.

In arriving at the decision to hold the MPR at the current level, the CBN Governor, Mr. Godwin Emefiele, had said the committee considered the arguments of whether to further tighten, retain or loosen.

The Central Bank of Nigeria (CBN) on Tuesday resolved to leave the Monetary Policy Rate (MPR), otherwise known as interest rate at 14 per cent. It also retained the Cash Reserve Ratio (CRR) at 22.5.

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The Monetary Policy Committee of the Central Bank of Nigeria, at the end of it’s May, 2019 meeting in an unanimous vote agreed to retain the Monetary Policy Rate at 13.5%. Proshare WebTV brings.

Central Bank of Nigeria Governor Godwin Emefiele discusses why the Monetary Policy Committee (MPC) has decided on Tuesday to retain the MPR rate at 13.5 per cent.

Home Thisday Newspapers Headlines News Today CBN Retains MPR at 13.5%. Thisday Newspapers Headlines News Today; CBN Retains MPR at 13.5%. By. Headliners-Tuesday, July 23, 2019. 0. 29. Facebook. Twitter. Pinterest. WhatsApp By James Emejo in Abuja.

In its fourth meeting of the year, Nigeria’s Monetary Policy Committee kept the country’s benchmark interest rates unchanged at 13.5 per cent.

CBN MPC retains key lending rate at 13.5%. CBN governor, Godwin Emefiele says 9 out of the 11 members that attended the meeting agreed to retain the current monetary policy stance.

The monetary policy committee of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate by 50 basis points. This means that the MPR, which is put at 14%, was eased to 13.5%. Announcing the decision of the committee earlier today at the apex bank’s headquarters, Godwin Emefiele, the CBN governor, said there [.]

The Central Bank of Nigeria (CBN), on. cut the MPR for the first time in more than two years in an effort to support growth. The apex bank resolved to reduce the MPR, otherwise known as interest.

The Central Bank of Nigeria (CBN) said the decision. from 14 per cent to 13.5 per cent. The decision took most financial sector analysts by surprise. Before the meeting, many analysts expected the.