Nigeria's CBN lowers loan-to-deposit ratio to 50% to curb liquidity and control inflation.

Nigeria's central bank, CBN, has reduced the loan-to-deposit ratio for banks from 65% to 50% to curb liquidity and control inflation, which reached a 28-year high in March. This move is part of the CBN's strategy to reduce market liquidity and aims to stabilize the Nigerian naira and rein in pricing pressures. The central bank will continue to monitor banks' compliance and make adjustments as necessary.