CBN Keeps Benchmark Interest Rate At 11.5% - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / CBN Keeps Benchmark Interest Rate At 11.5% (7079 Views)
CBN Raises MPR To 13% From 11.5% / CBN Keeps Monetary Policy Rate At 11.5% / CBN holds benchmark interest rate at 12.5% (2) (3) (4)
| CBN Keeps Benchmark Interest Rate At 11.5% by Nemere2020: 2:50pm On Nov 23, 2021 |
The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. https://www.thecable.ng/breaking-cbn-mpc-keeps-benchmark-interest-rate-at-11-5
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| Re: CBN Keeps Benchmark Interest Rate At 11.5% by preacherz: 2:53pm On Nov 23, 2021 |
This Government Bad as e Bad can hold their heads up when it comes to SMEs. They’ve been bringing up competitive environments for their improvement. Thumbs up kuntash: Calm down Area Governance no deh that easy. Everything will not become perfect overnight. surulere This was d mentality APC had before they grabbed Power and it did dem VOOM for eye. 11 Likes 1 Share
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| Re: CBN Keeps Benchmark Interest Rate At 11.5% by baralatie(m): 2:58pm On Nov 23, 2021 |
O boy nothing way bros fit do na just to hold it where e dey 1 Like 1 Share |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by TempUser: 3:00pm On Nov 23, 2021 |
 Benchmark Grant Subsidy Endsars Deregulation Trust Fund Development Fund Referendum Austerity Democracy All these big big English and still our steps backwards are longer than the moon walker's...  11 Likes 1 Share
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| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Nonywendy(m): 3:01pm On Nov 23, 2021 |
Is it for borrowing or deposit interest 1 Like |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by ForeThinker: 3:01pm On Nov 23, 2021 |
We still dey |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Nobody: 3:01pm On Nov 23, 2021 |
Please translate to a layman's language and level ! 3 Likes 1 Share
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| Re: CBN Keeps Benchmark Interest Rate At 11.5% by JavaScript90: 3:02pm On Nov 23, 2021 |
this is commendable. At least Nigerians can borrow from banks instead of loan apps. But gtbank was mean to lend innosson at 22% interest rate 3 Likes |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by inoki247: 3:02pm On Nov 23, 2021 |
All this grammar sef abg.... You people shuld jus getat... |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by toujurs: 3:03pm On Nov 23, 2021 |
Nonywendy:Deposit na , borrowing would be from 15% - 30%1 Like |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by crazyabbey(m): 3:04pm On Nov 23, 2021 |
Me i no even understand wetin benchmark interest rate mean! If you are a novice like me press like 5 Likes 1 Share |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Crystalom3(m): 3:06pm On Nov 23, 2021 |
preacherz:stop being stup*d Pure water is now N200 per bag from N100. That's 100% price increase in one week. One fvcking week! Something that often take years to double in price took just one week. And here you are saying nonsense without any proofs 9 Likes |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by 09085607453king: 3:06pm On Nov 23, 2021 |
Himtulie247:No #10.00 |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by STEWpid(f): 3:08pm On Nov 23, 2021 |
I tuned to the news when the cbn kofonor was reading all of the sorts from papers, I nearly doze off cuz it was all sounding like incantations for initiating madness. But immediately the crap reading finished, I knew. The wave of the sound of the whole texts affected the nature of the atmosphere. What impact will it ever make? Drops of shit!!!
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| Re: CBN Keeps Benchmark Interest Rate At 11.5% by preacherz: 3:12pm On Nov 23, 2021 |
Crystalom3: Oga U don’t own a business U have never run one Calm down Drink some water |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by ThisisIkemefuna(m): 3:13pm On Nov 23, 2021 |
Fake money. Invest in Gold. It is God's money |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by kuntash: 3:29pm On Nov 23, 2021 |
preacherz: I beg which kind person be this ? 2 Likes 1 Share |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by TroubleMaker47(m): 3:33pm On Nov 23, 2021 |
Per month or yearly? |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by adonainana: 3:41pm On Nov 23, 2021 |
TroubleMaker47: Loool Ponzi schemes don finish you people You see MPR of 11 percent from the only monetary policy holder for the whole country you are asking per month or per year It’s per year sir MPR rate is what interest rates on savings and the same by banks can give out retail loans As funny as it sounds it’s the rate all investment managers or unit fund managers can give a return on any investment So if you ever see any scheme saying bring money and you get more than 11 percent of your capital within a 1 year period run oooo 2 Likes |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by osenidvdg(m): 3:58pm On Nov 23, 2021 |
crazyabbey: The decision of the Central Bank to retain the monetary policy, despite a rise in inflationary pressure, indicates that the apex bank aims to expand credit to the real sector at low-interest rates. This action will hope to boost production, increase business activities in the country, and also increase consumer spending. |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Tetrahedron: 3:59pm On Nov 23, 2021 |
Lai mohammed’s bank
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| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Sttk: 4:38pm On Nov 23, 2021 |
Why |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by bigpicture001: 4:44pm On Nov 23, 2021 |
Nonywendy: It's for borrowing |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by TroubleMaker47(m): 4:49pm On Nov 23, 2021 |
adonainana:I don't do ponzi, and i thought the interest rate was on individual loans from banks hence the question |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by bigpicture001: 4:50pm On Nov 23, 2021 |
This means the CBN will discount loans to commercial bank which seek it from her at 11%. That will set the tone on how much the banks will set theirs to their borrowers... If CBN goes 20%< the banks will set around 20+2 or - 2.. if CBN set it at 3% the banks will set around that margin also.. The efect of theses rates means that ifs it's cheap for the commercial banks to get a loan from the CBN. It's will translate to cheapness to get a loan from the commercial bank.. CBN call theirs MPR.( Monetary policy rate) or discount rates.. while commercial banks call theirs interest rates.. IR. That's all it means 4 Likes |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by EmekaBlue(m): 5:12pm On Nov 23, 2021 |
crazyabbey:That's why banks dey scam Nigerians comfortably with extra charges because we no sabi and careless about all these benchmark policies |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Nobody: 5:39pm On Nov 23, 2021 |
Is this fair enough? |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Crystalom3(m): 6:18pm On Nov 23, 2021 |
preacherz:I don't need to own a business to know that everything is wrong. If the cost of production is getting low, consumers will start paying less not more. Because the cost of production is getting high, consumers are paying more. Sorry I didn't mean to insult you the very first time 3 Likes |
| Re: CBN Keeps Benchmark Interest Rate At 11.5% by Ibrahimkogi1010: 6:31pm On Nov 23, 2021 |
Big lie my bank FCMB gave me on 29 percent this Country is just a big joke we keep on blaming the leaders while most of us are worse than them anyway I come in peace |
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