• Financial experts not happy with retained 14% lending rate

    Financial experts not happy with retained 14% lending rate

    According to reports, the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained interest rate at 14 per cent and urged the Federal Government to evolve robust fiscal policies in reviving the economy from recession.

    The Central Bank Governor, Godwin Emefiele, announced this in Abuja during a news conference on the outcome of the MPC meeting.

    Emiefile said the committee elected to retain the current policy, which is the Monetary Policy Rate, at 14 per cent, Cash Reserve Ratio […]