{"id":115353,"date":"2024-11-26T18:39:47","date_gmt":"2024-11-26T17:39:47","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=115353"},"modified":"2024-11-26T18:39:47","modified_gmt":"2024-11-26T17:39:47","slug":"just-in-cbn-raises-interest-rate-to-27-50","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/just-in-cbn-raises-interest-rate-to-27-50\/","title":{"rendered":"Just In: CBN raises interest rate to 27.50%"},"content":{"rendered":"<p>The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country to 27.50 percent \u2014 from 27.25 percent.<\/p>\n<p>CBN\u2019s governor Yemi Cardoso made the announcement in Abuja on Tuesday, November 26, during the last MPC meeting of the year at the apex bank\u2019s headquarters.<\/p>\n<p>Cardoso said the MPC voted unanimously to raise the MPR by 25 basis points from 27.25% to 27.50%; and retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.<\/p>\n<p>The CBN chief also said the MPC retained the Liquidity Ratio (LR) at 30% and Asymmetric Corridor at +500\/-100 basis points around the MPR.<\/p>\n<div class=\"yj6qo\"><\/div>\n<div class=\"adL\"><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country to 27.50 percent \u2014&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":112370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-115353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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