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CBN retains benchmark interest rate at 11.5%

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CBN retains benchmark interest rate at 11.5%

The Central Bank of Nigeria’s Monetary Policy Committee has retained the Monetary Policy Rate (MPR) at 11.5% and kept all other parameters unchanged.

CBN retains benchmark interest rate at 11.5%

This was announced by CBN Governor Godwin Emefiele on Tuesday January 25, at the apex bank’s headquarters in Abuja.

The MPR which has remained unchanged for months, is a powerful tool for regulating interest rates in the economy.

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