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CBN holds benchmark interest rate at 12.5% - Business - Nairaland

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CBN Keeps Benchmark Interest Rate At 11.5% / CBN Retains Benchmark Interest Rate At 14% / Oil Price Inches Towards $70, 44% Above Benchmark (2) (3) (4)

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CBN holds benchmark interest rate at 12.5% by etokhana: 2:42pm On Jul 20, 2020
The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 12.5 percent.

Godwin Emefiele, governor of the apex bank, announced the committee’s decision on Thursday at the end of the committee’s meeting.

Cash reserve ratio (CRR) was retained at 27.5%, liquidity ratio at 30% and asymmetric corridor around the MPR at +200/-500 basis points.

The CBN governor explained that tightening would increase the cost of production which would translate to higher prices of goods and services and harder economic conditions for Nigerians.

According to Emefiele, eight members voted in favour of holding rates while two members voted in favour of reducing MPR.
https://www.thecable.ng/breaking-cbn-holds-benchmark-interest-rate-at-12-5

Re: CBN holds benchmark interest rate at 12.5% by Amspecial: 3:08pm On Jul 20, 2020
angry I have nothing to say but as a Chelsea fan make I drop dis one here

9 Likes 1 Share

Re: CBN holds benchmark interest rate at 12.5% by Olayemie1010(m): 3:08pm On Jul 20, 2020
Ok

1 Like

Re: CBN holds benchmark interest rate at 12.5% by mikywonder(m): 3:08pm On Jul 20, 2020
Odk
Re: CBN holds benchmark interest rate at 12.5% by Aderewah: 3:08pm On Jul 20, 2020
lol
Re: CBN holds benchmark interest rate at 12.5% by Damntruth(m): 3:10pm On Jul 20, 2020
doomed system undecided
Re: CBN holds benchmark interest rate at 12.5% by packman: 3:10pm On Jul 20, 2020
superising
Re: CBN holds benchmark interest rate at 12.5% by atobs4real(m): 3:10pm On Jul 20, 2020
WHO DO YOU HELP WITH YOUR BENCH MARK?

1 Like

Re: CBN holds benchmark interest rate at 12.5% by mazichido(m): 3:10pm On Jul 20, 2020
Attach Dorathy's tits to this news and see heavy traffic on this thread.

1 Like

Re: CBN holds benchmark interest rate at 12.5% by Queenslander: 3:10pm On Jul 20, 2020
Dead beat country!!
Re: CBN holds benchmark interest rate at 12.5% by Arewa12: 3:10pm On Jul 20, 2020
I'm coming
Re: CBN holds benchmark interest rate at 12.5% by northvietnam(m): 3:10pm On Jul 20, 2020
angry
Make person come explain Wetin CBN mean abeg ... I know understand

5 Likes

Re: CBN holds benchmark interest rate at 12.5% by KindlyAssist: 3:11pm On Jul 20, 2020
Sometimes i don't understand these terms, is this there lending rate annually ?
Re: CBN holds benchmark interest rate at 12.5% by akure1stson: 3:11pm On Jul 20, 2020
i have nothing to say
Re: CBN holds benchmark interest rate at 12.5% by politeme: 3:11pm On Jul 20, 2020
When are they pegging the incessant deductions in our savings account!
Re: CBN holds benchmark interest rate at 12.5% by oluwaseunamos33(m): 3:12pm On Jul 20, 2020
that's nice. the CBN gov. finally follow my advice.
Re: CBN holds benchmark interest rate at 12.5% by engrGbenga: 3:12pm On Jul 20, 2020
Y
Re: CBN holds benchmark interest rate at 12.5% by Angelinastto(f): 3:12pm On Jul 20, 2020
No remarkable comments? Everybody is tayaaad grin

1 Like

Re: CBN holds benchmark interest rate at 12.5% by ainas247: 3:13pm On Jul 20, 2020
wink Ease or tight...
no difference... tongue tongue tongue tongue

Do you have a business website?
rank it to google page 1 fast
check out my profile for results
Re: CBN holds benchmark interest rate at 12.5% by Nobody: 3:13pm On Jul 20, 2020
Journalism in Nigeria is zero. They just copy and paste the report without adding any creativity. All I got is that there is something that if reduced, will lead to cost of production and high prices of commodities.


Those that read the entire article without understanding, let's gather here

13 Likes

Re: CBN holds benchmark interest rate at 12.5% by 1759ademola(m): 3:13pm On Jul 20, 2020
Nothing concern me more than one naira should be equal to one dollar.
Re: CBN holds benchmark interest rate at 12.5% by OgbanjeProphet: 3:13pm On Jul 20, 2020
To enter bank now no easy, na to go collect loan naim go come dey easy

1 Like

Re: CBN holds benchmark interest rate at 12.5% by Ausval: 3:13pm On Jul 20, 2020
Na who get money go even understand Wetin all this grammar mean ....abeg who get baba ijebu 2sure
Re: CBN holds benchmark interest rate at 12.5% by DirtyGold: 3:15pm On Jul 20, 2020
Figures that don't mean anything to the man on the street

What's tha business?
Re: CBN holds benchmark interest rate at 12.5% by allthingsgood: 3:16pm On Jul 20, 2020
who cares

loans will still remain inaccessible to small business and the common man

1 Like

Re: CBN holds benchmark interest rate at 12.5% by Goldp5988(f): 3:17pm On Jul 20, 2020
I support this too


According to Emefiele, eight members voted in favour of holding rates
Re: CBN holds benchmark interest rate at 12.5% by Nobody: 3:21pm On Jul 20, 2020
Ok, we have heard, next!
Re: CBN holds benchmark interest rate at 12.5% by Macsender1: 3:22pm On Jul 20, 2020
Nothing concern me more than one naira should be equal to one dollar.

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