Central Bank of Nigeria holds rates and pushes for lending boost

central-bank-of-nigeria

The Central Bank of Nigeria’s monetary policy committee has unanimously voted to retain the policy rate at 13.5%, as it said key macroeconomic indicators were “trending in the right direction”.

The CBN’s governor, Godwin Emefiele, announced the hold on July 23, while reiterating the bank’s goal to continue pushing inflation down from its June level of 11.22% into single digits.

The governor also outlined plans for regular reviews to ensure more loans are made, saying to journalists that “after

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: