CBN retains benchmark interest rate at 11.5%

The Monetary Policy Committee of the Central Bank of Nigeria has kept the Monetary Policy Rate (MPR) at 11.5 percent and left all other parameters unchanged

CBN Governor Godwin Emefiele made the announcement on Tuesday, January 25, at the apex bank’s headquarters in Abuja.

The MPR is a significant weapon for regulating interest rates in the economy, and it has stayed unaltered for months.

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