Nigeria’s Monetary Policy Rate Remains At 11.5% – CBN

Nigeria’s Monetary Policy rate remains at 11.5% as declared by the governor of the CBN, Central Bank of Nigeria, Godwin Emefiele, during a last 2020 meeting with the committee.

The benchmark lending rate of 11.5% will further spur the country’s economy and drive all sectors.

The lending rate was cut by the CBN by 100 basis points twice in 2020 – the first in May and the last one in September.

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Monetary Policy and CBN parameters

• MPR – 11.50%
• Cash Reserve Ratio – 27.5%
• Liquid Ratio – 30%

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