TheCable reports that the Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to hold benchmark interest rates at a record high of 14%.
The apex bank governor, Godwin Emeifile, announced that the committee also decided to keep cash reserve ratio (CRR) and liquidity ratio at 22.5% & 30% respectively.
He said the 10 members present at the meeting decided unanimously to keep the asymmetric corridor at +200 and +500 basis points.
Recall that the apex bank had taken this decision in July 2016.
Speculators had thought the apex bank would downsize the interest rates.
This is a developing story. It will be updated.