Nigeria Interest Rate (Monthly)

Nigeria’s Monetary Policy Committee of the CBN retained the MPR at 11.5%. The MPR was pegged at 14% for over 32 months from July 2016 before it was revised by the Committee to 13.5% in March 2019 and further revised downwards in May 2020.

The MPR is the rate at which the Central Bank of Nigeria lends to the deposit money banks.

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