The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has concluded its two-day meeting in November 2021.
This marks the last MPC meeting for the year 2021.
At the end of the meeting, the committee resolved to hold the monetary policy rate and all other policy parameters constant.
The decisions reached are as follows:
The benchmark interest rate (MPR) retained at 11.50%
The asymmetric corridor remained at to +100/-700 bps around the MPR
The cash reserve ratio retained at 27.50%; and
The Liquidity Ratio retained at 30.00%