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Tag Archives: CBN reveals reasons for retaining tight monetary policy

CBN lending rate at 14% for 14th consecutive time..See why

As predicted by YOU NEWS, the MPC, yesterday, voted unanimously to hold monetary policy rates constant at   14 per cent; retain the asymmetric corridor of +200/-500 basis points around the MPR; retain the Cash Reserve Requirement, CRR, at 22.5 per cent; and retain the Liquidity Ratio at 30 per cent. These rates have been in place for almost two years ...

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