Home Business BREAKING NEWS: CBN’s MPC Holds Key Policy Rates Constant

BREAKING NEWS: CBN’s MPC Holds Key Policy Rates Constant

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The Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) concluded on Friday voted to hold all policy parameters constant as follows;

  • The benchmark interest rate (MPR) was held at 13.50per cent
  • The asymmetric corridor retained at +200basis points  and -500basis points around the Monetary Policy Rate (MPR).
  • The Cash Reserve Ratio (CRR) retained at 22.50 per cent and;
  • The Liquidity Ratio retained at 30.00 per cent

…More details later

 

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