The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.
The CBN Governor, Mr. Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.
He explained that seven members of the committee that attended the meeting agreed to maintain the current monetary policy stance while three voted to increase the rate.
He said apart from the MPR which was retained at 14 per cent, the committee also retained the Cash Reserves Ratio at 22.5 per cent.
Also retained are the Liquidity Ratio which was left at 30 per cent; and the Asymmetric Window which was left at +200 and -500 basis points around the MPR.
Do You Have Any Story, Press Release, Events Coverage Or You Want An Advert Placement?
Call News Arena Nigeria Today On Our Hotlines +234 908 114 1919; +234 803 305 4340
or WHATSAPP on +234 803 305 4340
Email: aderibigbe@newsarena.com.ng; editor@newsarena.com.ng; orynotaderibigbe@gmail.com
Thanks.
MGT.
COPYRIGHT
All Rights Reserved. This Material And Any Other Material on NEWSARENA NIGERIA Should Not Be Reproduced, Published, Broadcast, Written or Distributed In Full Or Part, Without Written Permission From The Editor-in-Chief/CEO