May 16, 2022

CBN Monetary Policy Committee retains MPR at 12.5%

CBN Monetary Policy Committee retains MPR at 12.5%
CBN Monetary Policy Committee retains MPR at 12.5%

CBN Monetary Policy Committee retains MPR at 12.5%. The Monetary Policy Committee of the Central Bank of Nigeria has retained the monetary policy rate at 12.5 percent, Nigerianjournal reports .

Mr Godwin Emefiele, the governor of the Central bank of Nigeria has announced this at the end of the MPC’s meeting on Monday.

Eight members of the committee voted in favour of holding the MPR, while two members wanted it reduced.

In addition to the MPR, the Cash Reserve Ratio (CRR) was retained at 27.5 percent, liquidity ratio at 30 percent, while the Asymmetric Corridor was retained at +200/-500 basis points.

CBN Monetary Policy Committee retains MPR at 12.5%

More to follow…

 

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