CBN Retains MPR At 13.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 13.5 per cent.. "The MPC voted to retain MPR at 13.5%. Retain CRR at 22.5%. Nigeria’s central bank on Tuesday retained its interest rate amid rising inflation.

Over 850,000 small holder farmers have been integrated into the mainstream financial system through the Anchor Borrowers’ Programme (ABP), the Governor of Central Bank of Nigeria (CBN), Mr. Godwin.

Home thisday newspapers headlines news today cbn Retains MPR at 13.5%. Thisday Newspapers Headlines News Today; cbn retains mpr at 13.5%. By. Headliners-Tuesday, July 23, 2019. 0. 29. facebook. twitter. pinterest. whatsapp By James Emejo in Abuja.

The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) from 14.0 per cent to 13.5 per cent. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The Governor of the.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent.

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The CBN Governor, Mr. Godwin Emefiele. agreed to reduce the current monetary policy stance. He said while the MPR was reduced to 13.5 per cent, the committee decided to retain the Cash Reserves.

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The federal government yesterday indicated its support for operators in Nigeria’s emerging mini grid electricity sub-sector to break up the monopoly of the 11 electricity distribution companies.

CBN Changes Gear, Reduces MPR to 13.5%. The Central Bank of Nigeria (CBN) at its Monetary Policy Committee (MPC) held at the banks’ headquarters in Abuja resolved to reduce the Monetary Policy Rate (MPR), also known as interest rate, by 50 basis points to 13.5 per cent from 14 per cent.

CBN MPC retains key lending rate at 13.5%. CBN governor, Godwin Emefiele says 9 out of the 11 members that attended the meeting agreed to retain the current monetary policy stance. This was contrary to the 50 basis points cut in the MPR, to 13.5 percent from 14. there was "a vote of six to two to retain the Monetary Policy Rate (MPR) at 14 per.

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By James Emejo in Abuja The Central Bank of Nigeria (CBN) Tuesday resolved to leave the Monetary Policy Rate (MPR), otherwise known as interest rate, at 13.5 per cent. It also retained other.

Consequently, Monetary Policy Rate (MPR) remained 13.5%, the asymmetric corridor at +200 and -500 basis point around the MPR, the CRR at 22.5% and retain the liquidity ratio at 30%.