The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised MPR by 25 basis points from 18.50% to 18.75%.
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| Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) raises MPR by 25 basis points. Photo: @cenbank |
However, the MPC of Nigeria’s Apex Bank retained Cash Reserve Ratio (CRR) at 32.5%, Liquidity Ratio (LR) at 30.0%.
According to the CBN: “Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) raises MPR by 25 basis points from 18.50% to 18.75%, retains Cash Reserve Ratio (CRR) at 32.5%, Liquidity Ratio (LR) at 30.0% and adjusts Asymmetric Corridor from +100/-700 to +100/-300 basis points around the MPR.”
