Tag: Liquidity Ratio
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MPC retains lending rate at 14%, cautions FG on 2019 election spending
The Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 14 per cent, to combat inflation due to foreseen increase in government spending ahead of the 2019 elections. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele said this when he briefed newsmen in Abuja on Tuesday on the outcome of the…