The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five percent.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement at a media briefing after the meeting of the MPC.
Emefiele said the MPC expects to see improvement in the economy through sustained and additional interventions in the Covid-19 recovery process.
Godwin Emefiele also said the Committee was concerned about rising prices of commodities in the market, as well as security challenges in the food producing areas.
Another area of concern observed by the MPC is the level of unemployment, which it said must be addressed to check restiveness across the country.