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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2019
Month September October November
Inter-Bank Call Rate 11.61 6.37 0.00
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 13.50 13.50 13.50
Treasury Bill Rate 11.10 10.03 6.73
Savings Deposit Rate 3.20 3.93 3.31
1 Month Deposit Rate 8.22 8.06 7.80
3 Months Deposit Rate 8.96 8.70 8.59
6 Months Deposit Rate 10.31 9.95 9.88
12 Months Deposit Rate 9.97 9.73 9.73
Prime Lending rate 15.15 15.07 14.91
Maximum Lending Rate 31.43 30.56 29.40
       

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

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Facts : 1/1/1900
International Monetary Fund:The International Monetary Fund was established in 1945 to promote the health of the world economy with 29 countries sigining the Articles of Agreement. Nigeria joined the IMF in 1961,which now has 184 members with its headquarters in Washington D.C., USA.
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