Business & Economy

CBN retains interest rate at 11.5% – Report

By Uchechi Ojo January 26, 2021357 views

The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday, January 26, 2021, unanimously voted to retain the monetary policy rate (MPR), which determines interest rate, at 11.5 percent.

Godwin Emefiele, governor of the CBN, announced the committee’s decision at the end of its two-day meeting.

The committee also retained the Liquidity Ratio at 30 percent and Cash Reserve Ratio (CRR) at 27.5 percent.

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