The Central Bank of Nigeria’s Monetary Policy Committee on Thursday resolved to retain all rates across the board with the headline monetary policy rate held at 27.5%.
This was announced by the Apex Bank Governor, Dr Yemi Cardoso at the press briefing of the monetary policy committee.
The CBN also raise the MPR by 25 basis points to 27.50 per cent from 27.25 per cent.
Retain the asymmetric corridor around the MPR at +500/-100 basis points.
Retain the Cash Reserve Ratio of Deposit Money Banks at 50.00 per cent and Merchant Banks at 16 per cent. Retain the Liquidity Ratio at 30.00 per cent
Details later…
