BREAKING: CBN retains MPR at 13.5% to allow ‘interventions play out’

 

 

 

 

 

 
The monetary policy committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary policy rate at 13.5%.

This was announced by Godwin Emefiele, CBN governor, on Tuesday after the two-day meeting of the committee.

Emefiele said the decision was reached to allow previously announced interventions “time to permeate the economy and allow pandemic to wear out itself”.  (The Cable)