{"id":52257,"date":"2021-09-17T18:59:39","date_gmt":"2021-09-17T17:59:39","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=52257"},"modified":"2021-09-17T19:00:04","modified_gmt":"2021-09-17T18:00:04","slug":"cbn-retains-lending-rate-at-11-5-2","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/cbn-retains-lending-rate-at-11-5-2\/","title":{"rendered":"CBN Retains Lending Rate At 11.5%"},"content":{"rendered":"<header id=\"masthead\" class=\"site-header\">\n<div class=\"site-header-main\">\n<div class=\"site-header-main-inner\">\n<div class=\"site-header-navigation\">\n<nav id=\"site-navigation\" class=\"main-navigation\">\n<div class=\"menu-primary-container\">\n<div class=\"menu-main-menu-container\"><\/div>\n<\/div>\n<\/nav>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<div id=\"content\" class=\"site-content\">\n<section class=\"section-fullwidth section-main\">\n<div class=\"row\">\n<div id=\"primary\" class=\"column column-content\"><main id=\"main\" class=\"site-main\"><\/p>\n<article id=\"post-1065319\" class=\"entry entry-single entry-article post-1065319 post type-post status-publish format-standard has-post-thumbnail hentry category-business category-news tag-cbn-governor tag-godwin-emefiele\" data-lazy-function=\"article\" data-post-title=\"CBN retains lending rate at 11.5%\" data-post-id=\"1065319\" data-post-url=\"https:\/\/punchng.com\/breaking-cbn-retains-lending-rate-at-11-5-3\/\" data-article-num=\"1\">\n<div class=\"ad-container ad-container-adsense\">\n<div class=\"ad-adsense\"><\/div>\n<\/div>\n<div class=\"entry-main\">\n<div class=\"entry-content\">\n<p>The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.<\/p>\n<p>The CBN Governor, Godwin Emefiele, disclosed this after the committee\u2019s two-day meeting in Abuja on Thursday.<\/p>\n<p>It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.<\/p>\n<p>Announcing the committee\u2019s decision, Emefiele said, \u201cThe MPC made the decision to hold all parameters constant. The committee thought by unanimous vote to retain the Monetary Policy Rate at 11.5 per cent.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>\u201cIn summary, MPC voted as follows, one, retain MPR at 11.5 per cent; retain the asymmetric corridor of +100\/-700 basis points around the MPR; retain the CRR at 27.5 per cent; and retain the Liquidity Ratio at 30 per cent.\u201d<\/p>\n<p>He said MPC weighed the effect of tightening or loosening, noting the impact on output growth and employment among others.<\/p>\n<p>Members felt that tightening would contract the current level of system liquidity and thus reduce demand pressure on the forex market, he said.<\/p>\n<\/div>\n<\/div>\n<\/article>\n<p><\/main><\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":33251,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[1916],"coauthors":[2391],"class_list":["post-52257","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-mpc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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