Tag: Monetary Policy Rate
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Why we raised interest rate – CBN Governor, Emefiele
Indications have emerged on why the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised from 13 per cent to 14 per cent the Monetary Policy Rate (MPR), which measures the interest rate in the country. TheNewsGuru.com (TNG) reports Mr Godwin Emefiele, Governor of the CBN announced the decision to raise the interest rate…
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CBN retains MPR at 11.5 per cent
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent. The announcement was made on Tuesday by the CBN governor He noted that the MPR is the baseline interest rate in an economy and every other interest rate used within an economy…
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JUST IN: Again, CBN retains monetary policy rate at 14 per cent
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday left the Monetary Policy Rate (MPR) unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that all…
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BREAKING: CBN leaves monetary policy rate at 14%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele who announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja explained that the six members…