Abuja - Nigeria’s Monetary Policy Rate (MPR) remained steady at 12 per cent for the thirteenth time in a row.
The rate has remained stable since October 2011, reports BusinessDay.
Sanusi Lamido Sanusi, Central Bank Governor, said after the meeting of the monetary policy committee (MPC) on Tuesday that there was no urgency to change the rate.
He said the committee unanimously voted to keep the rate at 12 percent.
He, however, indicated of further tightening in 2014 ahead of the 2015 elections.
He said the committee expects inflation to remain subdued this year and into 2014 but there are concerns about the inflationary impact of fiscal spending ahead of the 2015 general elections.
Read more on BusinessDay.