MPC maintains the status quo

Godwin Emefiele CBN Governor

At the end of its 2-day policy meeting, in a uanimous vote of all members, the Monetary Policy Committee (MPC) voted to leave key monetary policy rates unchanged.

The Committee decided to;

Retain Monetary Policy Rate (MPR) at 13.5%;

Maintain the asymmetric corridor around the MPR at +200/-500bps;

Hold Cash Reserves Ratio (CRR) at 22.5%; and

Keep liquidity ratio at 30.0%.

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