Journalism of Courage

MPC leaves monetary policy rate at 14 percent

The newly constituted Monetary Policy Committee  has  retained  Monetary Policy Rate (MPR) at 14 percent after its first meeting this year.

The committee, which admitted five new members last month, unanimously decided to leave the benchmark interest rate at 14 percent, central bank Governor Godwin Emefiele said at a press conference in the capital, Abuja on Wednesday.
More to follow

 

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