CBN rejects Finance minister’s call for interest rate cut, pegs lending rate at 14%

Lukas Graham: The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 percent. The decision to leave the rate unchanged was contrary to expectations of economic analysts, manufacturers and some government officials. Indeed, the Minister of Finance, Mrs.…

The post CBN rejects Finance minister’s call for interest rate cut, pegs lending rate at 14% appeared first on naija-news.com.



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