CBN MPC Retains MPR At 13.5%

BEVERLY HILLS, September 21, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 13.5%.

This is the sixth month the apex bank has maintained the rate after it was dropped from 14% to 13.5% in March.

Governor of the Central Bank, Godwin Emefiele, made the announcement on Friday during the MPC meeting in Abuja.

According to Emefiele, the decision was unanimously agreed upon by all committee members.