CBN Retains Lending Rate at 11%, Pegs Cash Reserve Ratio at 20%

The Central Bank of Nigeria on Tuesday, January 26, retained lending rate in the country at 11 percent.

The apex bank also pegged cash reserve ratio at 20 percent.

The CBN governor Godwin Emefiele who announced this at the end of the monthly monetary rate policy meeting in Abuja said the liquidity ratio will be 30 percent.