CBN retains lending rate at 11.5%

Lending rate

CBN retains lending rate at 11.5%   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday. The apex bank also retained the Cash Reserve Ratio (CRR) and Liquidity Ratio at 27.5 per cent and 30 per cent respectively. The CBN governor explained that members of the MPC were of the view that given that the exit of the country from recession…

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