The Central Bank of Nigeria (CBN) yesterday, for the second time in five months slashed the Minimum Rediscount Rate (MRR) by 200 basis points from 18.5 per cent to 16.5 per cent, in what it described as a move "to boost private sector investment and overall output growth".
Nigeria: CBN Cuts Interest Rate Again
This Day (Lagos), 21 December 2002
The Central Bank of Nigeria (CBN) yesterday, for the second time in five months slashed the Minimum Rediscount Rate (MRR) by 200 basis points from 18.5 per cent to 16.5 per cent, in what it described as a move "to boost private sector investment and overall output growth".
Comments Post a comment