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CBN Committee Votes to Keep Benchmark Rates at 13.5%

Godwin Emefiele, CBN Governor
Ruth Olurounbi
The central bank of Nigeria unanimously voted to retain benchmark rates at 13.5% amid inflationary pressures.

 

The bank based its decision on downward trend of Nigeria’s inflation and decided to watch it to go down further, CBN governor Godwin Emefiele told reporters in Abuja, the nation’s capital, on Tuesday.

 

 

EDITOR’S NOTE

This is a developing story and would be updated

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Written by Ruth Olurounbi

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