The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rate (MPR) at 26.5% at it’s meeting that closed today.
MPC with 11 members in attendance also retained asymmetric corridor around the MPR at +50bps /-450bps.
It also retained Cash Reserve Ratio (CRR) for Deposit Money Banks at 45.00%.
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Other decisions include CRR for Merchant Banks retained at 16.00%, retained 75% CRR on Non-TSA Public Sector deposit, and retained Liquidity ratio at 30.00%.
