MPC Holds All Policy Parameters At the End of May 2021 Meeting

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Tuesday, May 25, 2021 / 03:06 PM /  by Proshare Research / Header Image Credit: Arise TV

 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has today concluded its two-day meeting in May 2021.

 

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

 

The decisions reached are as follows: 

  • The benchmark interest rate (MPR) retained at 11.50%
  • The asymmetric corridor remained at to +100/-700 bps around the MPR
  • The cash reserve ratio retained at 27.50%; and
  • The Liquidity Ratio retained at 30.00%


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