As Expected, MPC Retains All Key Parameters At The End of November 2020 Meeting

Tuesday, November 24, 2020 / 02:51 PM / By Proshare Research / Header Image Credit: Facebook; 

Central Bank of Nigeria

 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria of Nigeria today concluded its two-day policy meeting which is the last for the year 2020.

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

The policy decisions reached are as follows: 

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

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