In its second MPC meeting of 2021, CBN votes to retain MPR at 11.5% and other parameters constant
Egypt’s high real interest is an upspring of combating inflation as far back as 5 years ago.
The DMO, on behalf of the Federal Government of Nigeria, has offered for subscription, the March 2021 FGN Savings Bond.
The DMO, on behalf of the Federal Government of Nigeria, has offered for subscription, the February 2021 FGN Savings Bond.
In its first MPC of 2021, CBN votes to MPR at 11.5% and other parameters constant.
The Bank crashed its interest rate to one of the lowest in Nigeria’s lending space.
The Central Bank of Nigeria (CBN), voted unanimously to keep the Monetary Policy Rate (MPR), at 11.5%.
The Governor of the CBN has announced the reduction of MPR from 12.5% to 11.5%.
With inflation rate at 12.8%, this is almost like paying banks to keep the money for you.
In Nigeria, one of the monsters that need to be faced head-on is the regime of high-interest rates and its effects on the growth of the...