Central Bank of Nigeria holds rates and pushes for lending boost
CBN governor also announces new protectionist policy
The Central Bank of Nigeria’s monetary policy committee has unanimously voted to retain the policy rate at 13.5%, as it said key macroeconomic indicators were “trending in the right direction”.
The CBN’s governor, Godwin Emefiele, announced the hold on July 23, while reiterating the bank’s goal to continue pushing inflation down from its June level of 11.22% into single digits.
The governor also outlined plans for regular reviews to ensure more loans are made, saying to journalists that “after
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