B-R-E-A-K-I-N-G: CBN reduces public sector CRR to 31%

The CBN governor has just announced that the monetary policy committee as announced it is reducing Public Sector CRR from 75% to 31%.
It consequently, increase private sector CRR from 20% to 31%
The CBN MPC also agreed to hold benchmark interest rate unchanged at 13%.
Liquidity ratio was left at 30%
This is the last policy meeting before President-elect Muhammadu Buhari takes office in Africa’s biggest oil producer on May 29.
More to follow

No Result