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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2009
Month June July August
Inter-Bank Call Rate 18.60 18.10 7.04
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 8.00 6.00 6.00
Treasury Bill Rate 3.32 3.93 4.80
Savings Deposit Rate 2.67 2.40 2.79
1 Month Deposit Rate 11.69 14.81 13.07
3 Months Deposit Rate 12.63 12.86 12.58
6 Months Deposit Rate 13.12 13.32 13.76
12 Months Deposit Rate 12.67 13.23 13.78
Prime Lending rate 19.08 19.34 19.39
Maximum Lending Rate 22.67 22.80 23.18
       

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

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Facts : 1/1/1964
Central Bank of Nigeria, Port-Harcourt Branch:In 1964,Port-Harcourt Branch was opened for business.It was the second branch that was established by the CBN. It brought to 3, the number of Central Bank Offices in Nigeria at that time.
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