Banks borrowing from CBN drops 15% to N11trn in 2022

Analysts say, this implies slow down in the level of business activities as the need for short term cash for daily transaction waned.

The CBN lends money to DMBs and merchant banks through the SLF at interest rate of 100 basis points (bpts) above the Monetary Policy Rate (MPR) of 16.5 per cent.

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