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CBN Keeps Monetary Policy Rate At 11.5% - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Keeps Monetary Policy Rate At 11.5% (5977 Views)

BVN, NIN Requirement: CBN Keeps Mum As Deadline Expires / CBN Raises MPR To 13% From 11.5% / CBN Keeps Benchmark Interest Rate At 11.5% (2) (3) (4)

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Re: CBN Keeps Monetary Policy Rate At 11.5% by macrodata(m): 4:10pm On Mar 23, 2021
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Re: CBN Keeps Monetary Policy Rate At 11.5% by SweetVibe: 4:12pm On Mar 23, 2021
Seniorwriter:


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Re: CBN Keeps Monetary Policy Rate At 11.5% by TitanzStudio(m): 4:14pm On Mar 23, 2021
Ok
Re: CBN Keeps Monetary Policy Rate At 11.5% by Seniorwriter(m): 4:18pm On Mar 23, 2021
SweetVibe:

You are a man of Knowledge and Wisdom. I hope he takes your advice if his intentions are genuine
Thanks for the nice and sweet compliment...your MONIKER says it all.....
Proactivity Leads To Productivity!!!
@Seniorwriter
Re: CBN Keeps Monetary Policy Rate At 11.5% by SweetVibe: 4:20pm On Mar 23, 2021
Seniorwriter:

Thanks for the nice and sweet compliment...your MONIKER says it all.....
Proactivity Leads To Productivity!!!
@Seniorwriter
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Re: CBN Keeps Monetary Policy Rate At 11.5% by just2endowed: 4:23pm On Mar 23, 2021
powerfulguy:

https://www.thecable.ng/breaking-we-wont-make-life-difficult-for-nigerians-cbn-keeps-mpr-at-11-5/amp

it doesnt make economic sense. Inflation is higher that the MPR
Re: CBN Keeps Monetary Policy Rate At 11.5% by Seniorwriter(m): 4:25pm On Mar 23, 2021
I'm not active on WhatsApp.....Facebook is my interactive workstation.
Check my profile for my FB ID.
Kindly send me a message on facebook through it.

Proactivity Leads To Productivity!!!
@Seniorwriter
Re: CBN Keeps Monetary Policy Rate At 11.5% by SweetVibe: 4:30pm On Mar 23, 2021
Seniorwriter:

I'm not active on WhatsApp.....Facebook is my interactive workstation. Check my profile for my FB ID. Kindly send me a message on facebook through it.
Proactivity Leads To Productivity!!! @Seniorwriter
the one with a Barcelona profile picture?
Re: CBN Keeps Monetary Policy Rate At 11.5% by OriginalOmoOgun(f): 4:31pm On Mar 23, 2021
This is madness. We have food inflation at 22%! And you are keeping MPR at half of that? What kind of madness is that?

In case you are wondering what this means? It means if you keep money inside bank, it will be losing value fast. Thus keeping MPR rate low means more spending in the economy. More spending means higher inflation.

They should be increasing MPR rate to at least 17%!

2 Likes

Re: CBN Keeps Monetary Policy Rate At 11.5% by Seniorwriter(m): 4:32pm On Mar 23, 2021
SweetVibe:

the one with a Barcelona profile picture?

Very Correct!

Proactivity Leads To Productivity!!!
@Seniorwriter
Re: CBN Keeps Monetary Policy Rate At 11.5% by SweetVibe: 4:34pm On Mar 23, 2021
Seniorwriter:

Very Correct!
Proactivity Leads To Productivity!!! @Seniorwriter
request sent.
Re: CBN Keeps Monetary Policy Rate At 11.5% by SweetVibe: 4:52pm On Mar 23, 2021
Seniorwriter:


I'm not active on WhatsApp.....Facebook is my interactive workstation.
Check my profile for my FB ID.
Kindly send me a message on facebook through it.

Proactivity Leads To Productivity!!!
@Seniorwriter
please can you edit that comment you mention me and delete off my phone number please
Re: CBN Keeps Monetary Policy Rate At 11.5% by Seniorwriter(m): 5:03pm On Mar 23, 2021
SweetVibe:

please can you edit that comment you mention me and delete off my phone number please

Done but I didn't see your FB request nor message though....

Proactivity Leads To Productivity!!!
@Seniorwriter
Re: CBN Keeps Monetary Policy Rate At 11.5% by SweetVibe: 5:07pm On Mar 23, 2021
Seniorwriter:

Done but I didn't see your FB request nor message though....
Proactivity Leads To Productivity!!! @Seniorwriter
send me on itz tommy ken
Re: CBN Keeps Monetary Policy Rate At 11.5% by Seniorwriter(m): 5:11pm On Mar 23, 2021
SweetVibe:

send me on itz tommy ken

Alright ill surely send a message after today if i don't get yours.

Proactivity Leads To Productivity!
@Seniorwriter
Re: CBN Keeps Monetary Policy Rate At 11.5% by pacespot(m): 5:46pm On Mar 23, 2021
How does it impact the forex market. Monetary police rate is the same as interest rate right? I rember last week when USA's federal reserve left it's interest rate unchanged, it nearly turned the entire forex market upside down. Talking about the power of dollars compared to Naira
Re: CBN Keeps Monetary Policy Rate At 11.5% by Premiumwriter: 5:47pm On Mar 23, 2021
macrodata:
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that's the dream sir.

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Re: CBN Keeps Monetary Policy Rate At 11.5% by enoch273: 7:23pm On Mar 23, 2021
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Re: CBN Keeps Monetary Policy Rate At 11.5% by Saintinoo(m): 7:49pm On Mar 23, 2021
pickatyouu:
Can someone explain.
MPR is the interest rate at which CBN lends money to Commercial banks, the MPR will in a long way determine the level of money in circulation and the level of inflation in the country.
Re: CBN Keeps Monetary Policy Rate At 11.5% by NovusHomo(m): 8:37pm On Mar 23, 2021
powerfulguy:

https://www.thecable.ng/breaking-we-wont-make-life-difficult-for-nigerians-cbn-keeps-mpr-at-11-5/amp

What the heck is "Monetary Policy Rate"? It is called "Benchmark Lending Rate". If you don't know, find out.
Re: CBN Keeps Monetary Policy Rate At 11.5% by Realboygenius(m): 8:42pm On Mar 23, 2021
Save money in your iNest account from FCMB and you can get close to 100,0000 for free to support your dreams. You don't want to miss out.

Re: CBN Keeps Monetary Policy Rate At 11.5% by Nobody: 1:31am On Mar 24, 2021
Arm chair economists.
Re: CBN Keeps Monetary Policy Rate At 11.5% by DedeNkem: 3:32am On Mar 24, 2021
CBN comes up with crazy rate policiess every month!

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