As Expected, MPC Maintains Status Quo at the End of November 2021 MPC Meeting

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Tuesday, November 23, 2021   /02:40 PM / by Proshare Research/Header Image Credit: TheFact Nigeria

 

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


This marks the last MPC meeting for the year 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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