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Tag Archives: Monetary Policy Rate

Godwin Emefiele Photo

MPC Cuts Monetary Policy Rate to 13.5%

MPC Cuts Monetary Policy Rate to 13.5%

The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has reduced the Monetary Policy Rate, MPR, by 50 basis points to 13.50 per cent from 14 per cent. CBN Governor, Godwin Emefiele, disclosed this on Tuesday at a press conference to mark the end of a two-day MPC meeting held in Abuja.

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