Nigeria MPC Holds Key Policy Rates Constant

Friday, September 20, 2019    / 02:54PM / by CardinalStone Research / Header Image Credit: cbn.gov.ng

The Monetary Policy Committee (MPC) meeting that held on the 19^th and 20^th of September has just been concluded and the committee voted to hold all policy parameters 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 Cash Reserve Ratio (CRR) retained at 22.50% and;

• The Liquidity Ratio retained at 30.00% 

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