{"id":44099,"date":"2015-11-24T19:28:20","date_gmt":"2015-11-24T18:28:20","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=44099"},"modified":"2015-11-24T19:28:20","modified_gmt":"2015-11-24T18:28:20","slug":"cbn-cuts-interest-rate","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/cbn-cuts-interest-rate\/","title":{"rendered":"CBN Cuts Interest Rate"},"content":{"rendered":"<p>Central Bank of Nigeria, CBN, <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_289786516\"><span class=\"aQJ\">on Tuesday<\/span><\/span> cut policy interest rate for the<br \/>\nfirst time in almost four years.<\/p>\n<p>At the end of its two-day rate setting meeting, the CBN Chief, Godwin<br \/>\nEmefiele announced a 200 points cut to 11% in headline interest rate from<br \/>\n13% previously.<\/p>\n<p>The financial regulator also shaves-off the Cash Reserve Ratio (CRR)<br \/>\nsharply from 25% to 20%, the deepest cut in the harmonised rate following<br \/>\na smaller easing done by the CBN last September.<\/p>\n<p>The decision to cut both the policy rate and the harmonised cash reserve<br \/>\nratio, the CBN Governor said, was to engineer growth by increasing the<br \/>\nflow of lending to critical sectors of the economy like agriculture, solid<br \/>\nminerals, critical social infrastructure and manufacturing.<\/p>\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>Central Bank of Nigeria, CBN, on Tuesday cut policy interest rate for the first time in almost four years. At the end of its two-day rate setting meeting, the CBN&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":42249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-44099","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 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CBN Cuts Interest Rate - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/cbn-cuts-interest-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN Cuts Interest Rate - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"Central Bank of Nigeria, CBN, on Tuesday cut policy interest rate for the first time in almost four years. 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