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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 14 per cent to 13.5 per cent. The CBN Governor, Mr. Godwin Emefiele, announced the.
· The Central Bank of Nigeria (CBN) has kept all its monetary policy tools steady, including the benchmark interest rate at 13.5 per cent after a surprise 0.5 per cent point cut two months ago. It also retained all the other parameters around the Monetary Policy Rate (MPR) namely the asymmetric corridor of +200/-500 basis points as well as the.
Earlier, 9 out of 11 members of the Monetary Policy Committee (MPC) of the CBN, had voted to retain all key economic parameters. Consequently, Monetary Policy Rate (MPR) remained 13.5 per cent the asymmetric corridor at +200 and -500 basis point around the MPR, the CRR at 22.5 per cent and retain the liquidity ratio at 30 per cent.
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, disclosed this decision during a press conference at the end of a two-day MPC meeting held on Tuesday at the apex bank’s headquarters in Abuja.
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 13.5 per cent.. "The MPC voted to retain MPR at 13.5%. Retain CRR at 22.5%.
Nigeria’s central bank on Tuesday retained its interest rate amid rising inflation. The Monetary Policy Committee held the rate at 13.5 percent in a 9 to 2 vote, the central bank governor godwin emefiele told reporters in Abuja, the nation’s capital. It will recalled that the regulator in March cut its key rate, the first [.]
CBN cuts key interest rate to 13.5% . March 26 (Lagos) – Reduce the MPR by 50bps to 13.50% – Retain CRR at 22.5% – Retain Liquidity ratio at 30% – Maintain an asymmetric corridor at +200/-500 basis points around the MPR. Key considerations of the committee included:.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to adjust the official interest rate, that is, Monetary Policy Rate (MPR), by 50 basis points, from 14% to 13.5%.