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Finance

CBN Cuts Benchmark Lending Rate To 11.5%

1 min read
CBN Asks Banks To Collect Old N500, N1,000 Notes Below N500,000

The Central Bank of Nigeria has cut down the Monetary Policy Rate from 12.5% to 11,5% after the two-day Monetary Policy Committee Meeting in Abuja.

CBN Cuts Benchmark Lending Rate To 11.5%
CBN Cuts Benchmark Lending Rate To 11.5%

The committee also voted to retain the Cash Reserve Ratio and Liquidity Ratio at 27.5 percent and 30 percent respectively.

The Central Bank Governor, Godwin Emefiele, disclosed this while presenting the communiqué after the meeting.

More details to follow…

#CBN#Nigetria

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