Central Bank of Nigeria (CBN) on Tuesday resolved to leave the Monetary Policy Rate (MPR), otherwise called interest rate, at 13.5 per cent.
The decision was taken at the Monetary Policy Committe (MPC) meeting held in Abuja between Monday and Tuesday.
The MPR is the rate at which the CBN lends to the real sector and often determines the cost of borrowing.
The apex bank also retained other parameters including Cash Reserve Requirements (CRR) at 12.5 per cent and Liquidity Ratio at 30 per cent.
Addressing newsmen at the end of the two-day meeting of the MPC meeting, the CBN Governor, Godwin Emefiele, said a tightening monetary policy stance was not an option, because key macroeconomic indicators are trending in the right direction.