By Richard ABANGWU InvestAdvocate
Lagos (INVESTADVOCATE)-Again Nigeria’s Central Bank Tuesday retained its Interest Rate at 12 percent (12%) as part of the decisions taken at its Communiqué No. 88 of the Monetary Policy Committee Meeting of Monday and Tuesday March 18-19 2013.
The CBN retained MPR at 12% with interest rate corridor of +/- 200 basis points.
Also, the CBN unanimously agreed to retain the Cash Reserve Requirement (CRR) at 12% and the Minimum Liquidity Ratio at 30%.
