CBN MPC Retains MPR and Liquidity Ratio; Raises CRR to 27.5% In First Meeting of 2020


Friday, January 24, 2020 / 4:23 PM / News / Header Image Credit: Youtube, CNBC Africa


The CBN Monetary Policy Committee (MPC) has just concluded its two-day policy meeting.

At the end of the meeting, the committee decided to raise the cash reserve ratio (CRR) to 27.5% from the previous rate of 22.5% while holding all other policy rates constant as follows;

  • The benchmark interest rate (MPR) was held at 13.50%

  • The asymmetric corridor retained at +200bps and -500bps around the MPR

  • The Liquidity Ratio retained at 30.00% 


Proshare Nigeria Pvt. Ltd.

Related News

  1. MPC Preview: Dovish Stance but Hawkish Actions
  2. Ignoring LIBOR Cessation May Raise US Leveraged Loan Credit Risk
  3. The MPC Members In One Accord; Verdict Of The Committee Was Unanimous
  4. Personal Statements By The MPC Members At The 127 MPC Meeting Of Nov 25-26, 2019
  5. CBN's Regulatory Measures To Improve Lending To The Real Sector: Impact And Challenges
  6. GDP Growth: How Far Can Monetary Policy Go?
  7. Rates Continue to Decline as Banks Struggle to Meet CBN's 65% Minimum LDR
  8. Pick-up In Private-sector Lending, More Needed
  9. Emefiele Lists Priorities for 2020
  10. How CBN's November 2019 MPC Meeting Affects the Common Man
  11. Nigeria's Central Bank Digs From A Pit - A Review of Year-End 2019 MPC Decision
  12. CBN Communique No. 127 of the MPC Meeting - Nov 25 - 26, 2019
  13. Nigeria MPC Maintains Status Quo At Final Meeting Of The Year 2019
  14. The Central Bank Of Nigeria's OMO - Implication Of The Recent CBN Circular
  15. Differences Between CBN OMO Bills and The Nigerian Treasury Bills
  16. Possible Implications of CBN's OMO Ban

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
Related News