Tag: Monetary Rate
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CBN retains 14% monetary policy rate, says economy still in recession
The Central Bank of Nigeria, CBN, on Tuesday allayed fears in some quarters when it unanimously resolved to retain all monetary rates. At the end of the Monetary Policy Committee meeting, the monetary policy rate for banks and businesses was retained at 14 per cent, while Cash Reserve Ratio (CRR) was left at 22.5 per…