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BANKING & FINANCE

Breaking News: MPC Keeps Interest Rate at 13.5 Percent

Senate, CBN Butt Heads Over Revenue Remittance

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), on Tuesday, retained key lending rate at 13.5%.

This is the outcome of the third monetary policy committee meeting of the central bank in 2019.

Godwin Emefiele, CBN governor, while reading communique at the end of the two-day in Abuja, said the committee cut the lending rate to 13.5% while retaining CRR at 22.5% and Liquidity Ratio at 30%.

Emefiele said all members retained key lending rates constant.

More details soon…

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