text: Economic Report 2017 - CBN | THE 1960POST
  With the exception of the 7-day deposit rate, which rose above the levels in April 2017, all other deposit rates of various maturity fell from a range of 8.48 per cent – 13.08 per cent in the preceding month to 7.53 per cent – 11.33 per cent in May 2017.
  [post_ads_2]Net foreign assets, however, grew significantly by 17.5 per cent, reflecting increase in foreign asset holdings by both banks and the monetary authority. Consequently, on monthon-month basis, broad money supply (M2) rose by 1.2 per cent to N21,975.34 billion in the review period, compared with the growth of 1.6 per cent at the end of the corresponding period of 2016, but was in contrast to 1.4 per cent decline at the end of the preceding month.
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