Monetary Policy | |
Monetary Policy | |
1768 VIEWS | |
![]() |
Tuesday, January 22,
2019 04:58
PM / FSDH Research
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) announced its decision to maintain rates at the current levels after a two-day meeting which ended today.
The key rates are:
Monetary
Policy Rate (MPR) : 14.0% with asymmetric corridor around the MPR at +2%/-5%;
Cash
Reserve Requirement (CRR): 22.5% and
Liquidity
Ratio : 30%.
The MPC’s decision is in line with the view of FSDH
Research released in our report entitled “Keeping
Policy Rates at Current Levels is Still Prudent”
Implications of the
MPC Decision
In order to address the ensuing risks to possible increase in inflation rate in Nigeria and the weak exchange rate, FSDH Research believes the CBN will continue to use the sales of Government securities to influence interest rates and yields.
Therefore we expect the yields on fixed income
securities to increase marginally from the current levels in coming weeks.
Related News
1. CBN
Monetary Policy Committee Leaves All Key Variables Unchanged
2. January 2019
MPC: 5 Key Things To Watch
3. MPC:
Considerations and Policy Options: Keeping Policy Rates at Current Levels is
Still Prudent
4. Monetary Policy
Outlook For 2019 - Federal Reserve
5. Personal
Statements By MPC Members At The 121 MPC Meeting of Nov 21-22, 2018
6. Has Monetary
Policy Reached Its Tether’s End In Nigeria?
7. CBN Communiqué
No. 121 of the MPC Meeting – Nov 21-22, 2018
8. Nigeria’s MPC
Maintains Status Quo At The End of November 2018 Meeting
9. To Hold or
Increase Policy Rates – FSDH Research Leans Towards a Hold Decision
10. Refocusing The
Single Digit Pricing For DFI Debate
11. Personal
Statements By The MPC Members at The 120 MPC Meeting of Sep 24-25, 2018
12. Interest Rate
Hike in US, Hold in Nigeria: What Next? – FSDH Market Outlook
13. Monetary Policy
And Risk Management At A Time Of Low Inflation And Low Unemployment