-0- PANA SB/SEG 21Mar2012
Lagos, Nigeria - The apex Central Bank of Nigeria (CBN) has for the third time in recent months retained the interest lending rates at 12%, in order to consolidate on present gains in the economy, according to the CBN Governor Sanusi Lamido Sanusi.
He spoke after the Monetary Policy Rate (MPR) meeting in Abuja, the Nigeria’s capital city, Tuesday.
Sanusi said considering the clear impact of previous tightening on the rate of inflation and exchange rates up to February 2012, the Committee unanimously decided to retain MPR at 12.0 per cent with interest rate corridor of +/- 200 basis points; and retain Cash Reserve Ratio (CRR) at 8.0 per cent.
It also decided to retain minimum liquidity Ratio of 30.0 per cent, and watch closely developments with respect to the fiscal stance and to respond appropriately if, and when, the need arises, Sanusi said.
No comments:
Post a Comment