By James Emejo in Abuja

The Central Bank of Nigeria (CBN) Tuesday resolved to reduce the Monetary Policy Rate (MPR), otherwise known as interest rate, by 50 basis points to 13.5 per cent from 14 per cent.

The MPR is the rate at which the CBN lends to commercial banks and often determines the cost of borrowing in the economy.

https://www.google.com/amp/s/www.thisdaylive.com/index.php/2019/03/26/cbn-cuts-interest-rate-to-13-5/%3famp

Hm

Hmm

Lol. Good news, empty thread.

This is nice

They need to do more than this. You can not industrialize your economy when cbn rate is at 13.5% and banks cost of funds remains above 20%. How do we compete with countries with 1-2% interest rates?

We cannot continue to starve our economy of industry growth, jobs and national growth by keeping mpr rate this high. While on the other creating free money for banks via treasury bills.

Okay

This is a very cool and good development.

Slow and steady we will get to the New Nigeria we voted for.

God bless our darling President MUHAMMADU BUHARI and his amiable Vice president Prof Yemi OSIBANJO.

To the NEXT LEVEL we go, a land flowing with milk and honey.

Still very high

Following




do not think your business is doing well without a website.. you are losing out on potential clients searching the web... See mY signature.

looks good

Treasury bills rates going to be lower

Information liste herein is only for the economist not an ordinary man in the street............................. by the way what is the CBN interest rate reduction whereas the prices or goods and services remain thesame in the open market

Oricha79:
Still very high

In an inflationary economy like ours, relatively high rates are necessary..

At least, it's a good development. We've been on 14% rate for so long.

As a federal employee, a peanut of loan from any back is throat slashing

Cool

This is a welcome development

GrossPrice:
Treasury bills rates going to be lower

Better for us..

Go and buy stocks or do business and drive economy...

Still very high!

We need single digit rates to spur growth

GrossPrice:
Treasury bills rates going to be lower

Expantiate on this bro

/
Too high.

Unrealistic.


Ghana 8.9%
Egypt 9%
Rwanda 9%
Uganda 9%

South Africa 8.78%

Nigeria 13.5%
/

Borrowing loading

at least

When will Emefiele be sacked?

Campaign strategies

Do people actually borrow at such exorbitant rates.
Imagine taking out mortgage on rate for a 25 year term!
I’m no economist but I won’t advise anyone to borrow at any rate more than single digit.

Yankee101:
We need single digit rates to spur growth

Ever if they put at 1% you will ask for no rate

interesting

should have been drop to 12%....i think they said inflation has reduced