By Peter OBIORA  InvestAdvocate

Lagos (INVESTADVOCATE)-The new Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday decided to retain Nigeria’s Monetary Policy Rate (MPR) at 14 percent for the tenth consecutive time.

Similarly, the MPC retained the Cash Reserve Ratio (CRR) at 22.5 percent and the liquidity ratio at 30 percent.

The MPC has kept the 14 percent benchmark interest rate since July 2016 despite calls to lower rates to support and promote a healthy economy.