Tag cbn policy 190b debit for t bills auction sustains interbanks high lending rates

Here is a breakdown of the tag:

Tag: CBN Policy 190b Debit for T-Bills Auction Sustains Interbank's High Lending Rates

Components:

  1. CBN Policy: The Central Bank of Nigeria (CBN) has implemented a policy.
  2. 190b Debit: The policy involves a debit of N190 billion.
  3. T-Bills Auction: The debit is related to a Treasury Bills (T-Bills) auction.
  4. Sustains: The policy sustains or maintains a certain situation.
  5. Interbank's High Lending Rates: The policy sustains high lending rates in the interbank market.

Summary: The CBN's policy of debiting N190 billion from banks' accounts after the T-Bills auction has maintained high lending rates in the interbank market. This suggests that the policy has not had a significant impact on reducing lending rates, which may be affecting the overall economy.