Home Business BREAKING NEWS: MPC Increases CRR to 27.5%

BREAKING NEWS: MPC Increases CRR to 27.5%

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN)  on Friday increased its Cash Reserve Requirement (CRR) to 27.5 per cent from 22.5 per cent it was in 2019.

The members of the MPC hold interest rate at 13.5 per cent and retain  Liquidity Ratio at 30 per cent.

More details later..

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