Nigeria’s central bank maintains Monetary Policy Rate at 13.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has maintained a hold in Monetary Policy Rate (MPR) at 13.50%. Also, other parameters such as CRR, Liquidity ratio, and asymmetric corridor were equally held constant.

The Governor of CBN, Mr. Godwin Emefiele, read the communique at the end of the two-day MPC meeting on Tuesday in Abuja.

Highlights of the Communique

MPR was kept at 13.50%.
The asymmetric corridor of +200/-500 basis points around the MPR was retained.
CRR was held at 22.5%.
The Liquidity Ratio was also kept at 30%.

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