CBN defends 75% reserve requirement on public deposits
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The Central Bank of Nigeria has defended its decision to maintain a 75% Cash Reserve Ratio on public deposits. The bank stated this measure is used to manage liquidity. It is also intended to help curb inflation.
The Central Bank of Nigeria has defended its 75% Cash Reserve Ratio on public deposits, describing it as a move to manage liquidity and curb inflation. Read More: https://punchng.com/cbn-defends-75-reserve-requirement-on-public-deposits/