September 2021 MPC Meeting: CBN Retains All Policy Parameters


Friday, September 17, 2021 / 03:14 PM / by Proshare Research / Header Image Credit: CBN


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