CBN Governor, Cardoso
News Update
THE Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) unchanged at 27.5%.
This announcement was made by the CBN Governor, Olayemi Cardoso, following the 300th meeting of the Monetary Policy Committee (MPC), which took place in Abuja.
All 12 members of the committee agreed on the decision.
In addition to the interest rate, the committee also maintained other key financial indicators.
The cash reserve ratio for regular banks stays at 50%, while merchant banks will continue with a 16% reserve.
The liquidity ratio for banks remains at 30%.
Governor Cardoso explained that the decision to maintain these rates was influenced by a recent slowdown in food inflation and progress in addressing insecurity, particularly in farming areas.
These factors have contributed to a more stable economic outlook, and the CBN believes that holding the rates steady will help support continued improvement.
YOU CAN READ MORE NEWS UPDATES AND INFO @ https://www.voiceairmedia.com
News Update Workers under the Joint Action Committee of the Senior Staff Association of Nigerian…
THE Osun Amotekun Corps has arrested two men in connection with an alleged attempted murder…
By Omotayo Olajide You may not like Tinubu, You may even hate APC. But politics…
Presidential candidate of the African Democratic Congress, Atiku Abubakar, says he will pay local government…
NEWS UPDATE Gunmen on Sunday night stormed Rantan village in Bebeji Local Government Area of…
The National Association of Nigerian Students, South West Zone, and the management of Osun State…