Chart: MPR vs Treasury Bills Rates in Nigeria

The Monetary Policy Rates is the rates at which the CBN lends money to commercial banks. It is the benchmark interest rate in Nigeria.

Treasury Bills are short term government debt securities sold to the public in return for interest payments and principal at the end of the tenor. Treasury Bills rates are usually above the MPR when the CBN decides to tighten monetary policy and lower when monetary policy tightening is not the target.

This data is sourced from the CBN and is published monthly.

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