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Topic: Banks derail CBN’s N1tr battle to boost economy  (Read 1156 times)

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Banks derail CBN’s N1tr battle to boost economy
« on: September 21, 2016, 01:01:18 PM »
Banks derail CBN’s N1tr battle to boost economy

Lenders prefer traders to manufacturers, farmers MPC retains tight monetary measures Highlights of MPC meeting •Monetary Policy Rate (MPR) 14% •Cash Reserve Ration (CRR) 22.5% •Liquidity Ratio 30% •Asymmentric Window +200 -500 ADVOCATES of lower interest rates lost their battle yesterday. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) failed to […]


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