Central Bank of Nigeria retained monetary policy rate at 14% in May, the tenth consecutive month it left the MPR unchanged. // Sector News // Resources // Advocaat Law Practice

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- Fri 2 Jun 2017
- Sector News
Central Bank of Nigeria retained monetary policy rate at 14% in May, the tenth consecutive month it left the MPR unchanged.

As part of the efforts of the Central Bank of Nigeria (“CBN”) in tightening the foreign exchange market, the CBN has left its monetary policy rate which stands at 14% unchanged. This became necessary to avoid loosening the exchange rate further and to prevent inflationary pressures.
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Central Bank of Nigeria retained monetary policy rate at 14% in May, the tenth consecutive month it left the MPR unchanged.