The Monetary Policy Committee of the CBN rose from its meeting retaining the benchmark interest rate at 14% alongside other monetary policy parameters. Financial experts have expressed mixed feelings over the retention of the benchmark interest rate of 14 per cent alongside other policy parameters by the Central Bank of Nigeria (CBN).The experts spoke in separate interviews with the News Agency of Nigeria (NAN) on Tuesday in Lagos.While one argued for a loosening of the monetary policy to accelerate production in the economy, the other okayed the retention of the interest rate based on the high inflation figure.NAN reports that the Monetary Policy Committee (MPC) of the CBN rose from its meeting retaining the benchmark interest rate at 14 per cent alongside other monetary policy parameters.
