CBN retains interest rate at 13.5%

The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) Friday retained its base monetary policy rate (MPR) at 13.5 per cent.
By a unanimous decision, members of the committee voted to also retain all other parameters.
These include Cash Reserve Ratio at 22.5 per cent; Liquidity Ratio at 30 per cent; and Asymmetric Corridor at +200 and -500 basis points of MPR.
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