CBN reduces benchmark lending rate to 11.5%

By Uchechi Ojo September 22, 2020422 views

Governor of the Central Bank of Nigeria, Godwin Emefiele

After a two-day Monetary Policy Committee Meeting in Abuja, on Tuesday, September 22 2020, the Central Bank of Nigeria reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent.

The Central Bank Governor, Godwin Emefiele, disclosed while presenting a communiqué after the meeting that the committee also voted to retain the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.

Details later…

Uchechi Ojo

Uchechi Ojo, is a Lagos-born and based writer, newscaster and voice-over artist. A versatile and committed journalist with the yearning to make a difference in the industry. She writes balanced, informative and interesting stories. Uchechi has the ability to interact and listen with rapt attention, excellent time management and great communication skills while paying attention to detail. She is very approachable and a good team player. Instagram | LinkedIn