The Monetary Policy Committee of the Central Bank of Nigeria on
Tuesday left the Monetary Policy Rate unchanged at 13.5 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 nine out of the 11 members that attended the
meeting unanimously agreed to hold the monetary policy stance.
The governor said apart from the MPR that was retained at 13.5
per cent, the committee decided to hold 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.
Details later…
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