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CBN lending rate still at 11.5%

The Governor of the Central Bank of Nigeria, Godwin Emefiele has disclosed that CBN will retain her Monetary Policy Rate at 11.5 per cent.

This was disclosed in Abuja, after a two-day meeting held by the Monetary Policy Committee on Tuesday.

It also retained the Cash Reserve Ratio – CRR and Liquidity Ratio – LR at 27.5 percent and 30 percent respectively.

These rates are the rates the Monetary Policy Committee (MPC) maintained at its last meeting in November, 2020

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