The Monetary Policy Committee of the Central Bank of Nigeria (CBN) rose from its two-day meeting in Abuja yesterday, retaining all the monetary policy rates for the 12th consecutive time. Specifically, the committee decided that the Monetary Policy Rate (MPR) should still remain at 14 per cent, cash reserves ratio should be sustained at 22.5 […]
Tag: CBN Monetary Policy Committee
CBN Retains MPR at 14%, Leaves Other Rates Unchanged
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) today retained the Monetary Policy Rate (MPR) at 14 percent. The Committee members at the end of their two-day meeting in Abuja also voted in favour of the retention of the Cash Reserve Ratio (CRR) at 22.5 percent, the Liquidity Ratio at 30 […]