CBN lowers MPR to 13.5%

&NewLine;<p>The Central Bank of Nigeria &lpar;CBN&rpar; has reduced its Monetary Policy Rate &lpar;MPR&rpar; from 14&period;0 per cent to 13&period;5 per cent&period; Governor&comma; Central Bank of Nigeria &lpar;CBN&rpar;&comma; Mr Godwin Emefiele The Governor of the bank&comma; Mr&period; Godwin Emefiele&comma; disclosed this&comma; in Abuja&comma; this afternoon&comma; while briefing the press at the end of the 226th Monetary Policy Committee &lpar;MPC&rpar; meeting&period; He said that the decision to loosen the MPT was borne out of the desire to stimulate growth in various sectors of the economy&period; The MPR had been retained at 14 per cent since July 2016&period;<&sol;p>&NewLine;