MPC: CPPE lauds MPR, CRR reductions. Says policy will expand banks’ capacity to offer lower lending rates
Centre for The Promotion of Private Enterprise (CPPE) has lauded the Central Bank of Nigeria (CBN), and its Monetary Policy Committee (MPC) on the recent decision to lower Monetary Policy Rate (MPR), and reduce Cash Reserve Ratio (CRR), noting that the development would enable banks offer lower lending rates. At its meeting held recently, MPC had announced a 50-basis-point reductionRead More
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