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CBN MPC retains interest rate at 13.5% in July meeting

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This is the outcome of the third monetary policy committee meeting of the central bank in 2019.

Godwin Emefiele, CBN governor, while reading communique at the end of the two-day in Abuja, said the committee cut the lending rate to 13.5% while retaining CRR at 22.5% and Liquidity Ratio at 30%.

Emefiele said all members retained key lending rates constant. 

More details soon…