MPC Retains Rates, Keeps MPR At 11.5%

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria on Friday completed its two-day meeting in Abuja as members decided to “see nothing and do nothing.”

At the end of the meeting, the committee resolved to hold the monetary policy rate and all other policy parameters constant.

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Members of the committee decided to retain the benchmark interest rate (MPR) at 11.50 per cent, the asymmetric corridor remained at +100/-700 bps around the MPR and the cash reserve ratio remained at 27.50 per cent just as the Liquidity Ratio was retained at 30.00 per cent.


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