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MPR

For 10th time, MPC retains 14% rate to consolidate reforms

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* Pegs CRR at 22.5 per cent * Wants FG to offset N2.7trn contractors’ debts The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have for the 10th consecutive period, voted to retain anchor lending rate (MPR) at 14%, Cash Reserves Ratio .22.5%, Liquidity 30% across Asymmetric Corridor at […]

CBN may retain MPR at 14% till 2017 –Emefiele

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….Final decision to be taken by MPC’s 11-member committee ….MAN, LCCI, financial experts clamour for interest reduction …Inflation rate currently at 18.3% ….MPC meets for the last time in 2016 Ahead of the sixth and last Monetary Policy Meeting (MPC) for the year holding today and tomorrow, indications have emerge that the Monetary Policy Rate (MPR) […]