The Monetary Policy Rate (MPR) cut by the Central Bank of Nigeria (CBN) on Tuesday from 12.5 percent to 11.5 percent does not hold good news for bank depositors as it slashes the minimum interest rate lenders pay on savings deposits to 1.15 percent.
This is an 8 percent decline from the initial a
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
