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Wednesday, March 29, 2023

MPC Maintains Status Quo with Benchmark Rate at 11.5%

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to keep its benchmark interest rate unchanged at 11.5 percent.

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The MPC also maintained the liquidity ratio at 30 percent and Cash Reserve Ratio (CRR) at 27.5 percent.

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