Gap between lending, deposit rates worry MPC members

The spread between  maximum and consolidated deposit rates which stood at 26.23 per cent in February 2019, has become a source of worry to some members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).

According to the members, this spread suggests exploitation and remains unacceptable in view of the adverse implications for savings, investment and welfare.

The MPC…

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