by Dolapo Adelana

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday sustained interest rate at 14 per cent.

The MPC, in its bid to keep inflation in the country down, also retained the Cash Reserves Ratio at 22.5 per cent and Liquidity Ratio at 30 per cent respectively.

The MPC also said inflation was down, year-on-year, but the food index rose in February from figures recorded in January, mounting pressure on consumers.