The Monetary Policy Committee (MPC) of the Central Bank of Nigeria on Tuesday voted unanimously to retain the Monetary Policy Rate (MPR) at 27.50%.
The MPC as part of its resolutions announced in a press briefing also retained the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.
The Committee also retained the Liquidity Ratio (LR) at 30% and the Asymmetric Corridor at +500/-100 basis points around the MPR.
More details to come.
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