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Thursday, 29th October, 2020
 Nigeria   ::   News
BREAKING: CBN reduces benchmark lending rate 12.5% to 11.5%
Sep 22, 2020
By: Abara Bleesing Oluchi

The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja.

The committee also voted to retain the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.

Godwin Emefiele, Central Bank Governor disclosed this while presenting the communiqué after the meeting.

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