The committee has maintained this
decision for two consecutive years.
Announcing the committee’s
decision on Tuesday, Godwin Emefiele, CBN governor, said the committee reached
the decision on the consideration to await more clarity on economic activities.
In May 2016, the committee hiked
interest rates to combat rising inflation at that time.
Nine members of the committee
were present at the meeting.
Emefiele said, eight members of
the committee voted in favour of maintaining rates, while one member voted in
favour of tightening by 50 base points.
Cash reserve ratio (CRR) and
liquidity ratio were maintained at 22.5 percent and 30 percent respectively.
Emefiele said members of the
committee considered risks like late approval of 2018 budget, farmers/herdsmen
clashes, salary arrears, growing sovereign debt.
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com