Showing posts with label MPC. Show all posts
Showing posts with label MPC. Show all posts

Tuesday, January 20, 2015

MPC retains interest rate at 13 per cent

The Monetary Policy Committee (MPC) has retained the nation's interest rate at 13 per cent.

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, told newsmen during the MPC meeting that the committee was of the view that the rate, which was fixed in November 2014, needed time to have the desired impact on the nation’s economy.