Banks derail CBN’s N1tr battle to boost economy

Banks derail CBN’s N1tr battle to boost economy

Lenders prefer traders to manufacturers, farmers MPC retains tight monetary measures Highlights of MPC meeting •Monetary Policy Rate (MPR) 14% •Cash Reserve Ration (CRR) 22.5% •Liquidity Ratio 30% •Asymmentric Window +200 -500 ADVOCATES of lower interest rates lost their battle yesterday. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) failed to […]

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Source: Banks derail CBN’s N1tr battle to boost economy

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