CBN Affirms Use Of Loan Deposit Ratio To Tackle Inflation

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CBN Affirms Use Of Loan Deposit Ratio To Tackle Inflation

The Central Bank of Nigeria (CBN) has reaffirmed its use of the Loan Deposit Ratio (LDR) as a crucial tool in managing Nigeria’s inflationary pressures, expressing confidence that this strategy will effectively mitigate headline inflation despite challenges in the agricultural supply chain. Reducing the LDR of banks from 65 percent to 50 percent, the CBN aims to foster economic stability, emphasising the importance of channelling funds into the …