CBN retains monetary policy rate at 11%

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 11 per cent.

The CBN Governor, Mr. Godwin Emefiele disclosed this while addressing journalists shortly after the MPC meeting held at the apex bank headquarters in Abuja.



He said the apex bank also decided to hold the Cash Reserve Requirements at 20 per cent and the liquidity ratio at 30 per cent


He said the CBN decided to retain the rate in order to ensure the is objective of easing lending to key sectors of the economy is achieved.