This Day (Lagos)
8 July 2009
The Central Bank of Nigeria (CBN) yesterday reduced the monetary policy rate (MPR) by 200 basis points from eight per cent to six per cent. The apex bank has therefore introduced a corridor of interest rates of +/- 200 basis with the rate on the standing lending facility at 8.00 per cent and the rate on the standing deposit facility at 4.00 per cent.
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