By InvestAdvocate

Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday retained its benchmark interest rate on hold at 13 percent with a corridor of +/- 200 basis points around the midpoint after the two (2) days Monetary Policy Committee (MPC) Meeting.

Godwin Emefiele, governor of the CBN said its MPC voted 8-4 in favour of keeping the rate on hold.

Similarly, the MPC retained Monetary Policy Rate (MPR) at 31 percent for both public and private sector funds and retained liquidity ratio at 30 percent.