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MPC Maintains Status Quo At Final Meeting Of 2019

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The Monetary Policy Committee (MPC) meeting of the Central bank of Nigeria (CBN)  that held on the 25th and 26th of November has just been concluded and the committee voted to hold all policy parameters constant as follows;

The benchmark interest rate (MPR) was held at 13.50 per cent

The asymmetric corridor retained at +200bps and -500bps around the MPR

The Cash Reserve Ratio (CRR) retained at 22.50 per cent and;

The Liquidity Ratio retained at 30 per cent

 

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