Sunday, October 17, 2021

Apex Bank,CBN retains lending rate at 11.5%

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The Monetary Policy Committee of the Central Bank of Nigeria said it has retained the Monetary Policy Rate at 11.5%.

CBN Governor, Godwin Emefiele was speaking after the committee’s two-day meeting in Abuja.

According to him, the bank also retained the Cash Reserve Ratio at 27.5% and Liquidity Ratio at 30% respectively.

Emefiele further said the MPC decided it, to hold all parameters constant and to retain the Monetary Policy Rate at 11.5 %

for some very important reasons which will pay everyone in the long run.