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Financial expert advises CBN on interest rates as MPC holds | The Guardian Nigeria News - Nigeria and World News

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“Deposit rate is almost zero but the lending rate is still high. They should consider a downward review of the lending rate so as to encourage borrowing for investment.' InterestRate Nigeria CBN

Unegbe, who is a Past President of Chattered Institute of Bankers of Nigeria made the call in an interview with News Agency of Nigeria in Abuja.

He said that the bank should work with government to find ways of making resources available to help businesses survive as a result of challenges posed by COVID-19. “That is what the American government did recently by setting aside two trillion dollars to support businesses.

 

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