CBN retains MPR at 11.5%

The Monetary Policy Committee of the Central Bank of Nigeria has maintained its Monetary Policy Rate at 11.5 per cent.

At the end of its two-day meeting on Tuesday in Abuja, the CBN Governor, Godwin Emefiele, mentioned that the committee members unanimously voted to retain the monetary policy rate at 11.5%, whilst keeping all other monetary parameters constant.

This will be the 6th consecutive time this year that the rates remained unchanged.

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