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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2022
Month March April May
Inter-Bank Call Rate 11.33 8.67 8.38
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 11.50 11.50 13.00
Treasury Bill Rate 1.75 1.74 2.12
Savings Deposit Rate 1.28 1.28 1.37
1 Month Deposit Rate 3.33 2.96 3.57
3 Months Deposit Rate 4.41 4.44 4.70
6 Months Deposit Rate 4.53 4.98 5.68
12 Months Deposit Rate 5.82 5.46 5.73
Prime Lending rate 11.84 11.83 11.96
Maximum Lending Rate 26.61 27.79 27.37
       

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Note: The Bank replaced MRR with MPR on December 11, 2006

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Facts : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
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