Home Business BREAKING: CBN Keeps MPR At 11.5%

BREAKING: CBN Keeps MPR At 11.5%

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate at 11.5 percent.

The CBN governor, Godwin Emefiele announced the committee’s decision on Tuesday at the end of a two-day meeting in Abuja.

The committee also retained the liquidity ratio at 30 percent and cash reserve ratio (CRR) at 27.5 per cent.

According to him, six members voted to maintain all parameters while three voted to increase the MPR.

 

 

 

 

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