CBN Retains Monetary Policy Rates At 11.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again voted to retain the monetary policy rate at 11.5 percent.

The announcement was made by the CBN governor, Godwin Emefiele during a press briefing at the CBN headquarters on Tuesday.

Other parameters such as Cash Reserve Ratio (CRR), Liquidity ratio, and asymmetric corridor remain unchanged.

More to follow…