CBN Leaves Interest Rate Unchanged at 13.5%

CBN Leaves Interest Rate Unchanged at 13.5%

James Emejo in Abuja The Central Bank of Nigeria (CBN) Tuesday resolved to retain the Monetary Policy Rate (MPR), otherwise known as interest rate, at 13.5 per cent. The MPR is the rate at which the CBN lends to commercial banks and often determines the cost of borrowing in the economy. The CBN Governor, Mr. […]

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Source: CBN Leaves Interest Rate Unchanged at 13.5%

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