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CBN to limit banks' lending to government, retains policy interest rate at 13.5%

Published by Tribune on Fri, 24 May 2019


Tribune OnlineCBN to limit banks' lending to government, retains policy interest rate at 13.5%The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) on Tuesday asked the management of the bank to limit the access of deposit money banks to government securities. This is as it retained the monetary policy rate (MPR), which is the benchmark used by banks to fix their interest rates at 13.5 per []CBN to limit banks' lending to government, retains policy interest rate at 13.5%Tribune Online
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