Nigerian economists are urging the Central Bank of Nigeria (CBN) to improve liquidity management in the banking system. They say current tools need clearer links to market rates and careful use of the cash reserve requirement (CRR). Ayo Teriba, CEO of Economic Associates, highlighted a long-standing gap between the Monetary Policy Rate and other rates. The experts emphasize the need for banks to keep a percentage of customers' deposits with the CBN.
Related Articles
Don't miss out on breaking stories and in-depth articles.