At 35.17%, Maximum Lending Rate Remains Flat for Second-consecutive Month

At 35.17%, Maximum Lending Rate Remains Flat for Second-consecutive Month

Nigeria's Central Bank (CBN) Monetary Policy Committee has decided to hold the benchmark interest rate at 26.5%. Learn more about this decision.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting.

The decision comes after the central bank earlier reduced the Monetary Policy Rate (MPR) by 50 basis points in February, bringing it down from 27 per cent, a level it had held…