CBN MPC Reduces MPR to 12.5%; Retains Other Parameters Constant


Thursday, May 28, 2020  03:05 PM / Proshare Research/ Header Image Credit:  CBN

 Proshare Nigeria Pvt. Ltd.

The Monetary Policy Committee (MPC) concluded its one-day policy meeting today.


The Committee members which were faced with the hard choices of reducing or leaving policy parameters unchanged unanimously elected to reduce the benchmark interest rate by 100 basis points.


At the end of the meeting, the Committee reached the following decisions


  1. Reduces Monetary Policy Rate (MPR) to 12.5% from 13.5%;
  2. Retains asymmetric corridor around the MPR at +200/-500bps;
  3. Retains Cash Reserves Ratio (CRR) at 27.5%; and
  4. Retains Liquidity Ratio (LR) at 30.0%.

 Proshare Nigeria Pvt. Ltd.

Related News

  1. COVID-19: CBN Okays Reliefs on Loans in OFIs Sector
  2. MPC Preview: Economic Stability Regains Priority But Policy Options Still Limited
  3. CBN Reschedules May 2020 MPC Meeting to May 28, 2020
  4. Post-COVID-19 Economy: Emefiele Woos Conglomerates
  5. Ahead of Tomorrow on WebTV: Discussions on COVID-19; Assessing Fiscal and Monetary Policy Responses
  6. Looking at Home for Policies and Solutions
  7. MPC Members Looking Beyond the Virus
  8. CBN Intervention: Playing to the Gallery or Serious Business?
  9. Turning COVID-19 Tragedy into Opportunity for a New Nigeria
  10. Personal Statements By The MPC Members At The 129 MPC Meeting of Mar 23-24, 2020
  11. MPC - Think Twice or You Sink! FDC Aligns With TheAnalyst Opinion that the CBN is Trapped

 Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd.



Related News