Home » CBN reduces Monetary Policy Rate from 12.5% to 11.5%
Featured Headlines News Top Headline

CBN reduces Monetary Policy Rate from 12.5% to 11.5%

The Central Bank of Nigeria has reduced the Monetary Policy Rate from 12.5% to 11.5%.

This was announced a while ago by the Governor of the Bank, Mr. Gidwin Emefiele during the briefing after its monetary policy committee meeting.

With this announcement, all rates in the economy are expected to be adjusted downwards and make the cost of funds cheaper.

The move is in response to growing inflationary pressure in the economy.

Details later…

Biodun Dare

Leave a Comment

%d bloggers like this: