MPC Holds All Policy Parameters at the End of January 2022 MPC Meeting

Proshare

Tuesday, January 25, 2022 / 02:37 PM / by Proshare Research / Header Image Credit: AriseTV

 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has concluded its two-day meeting in January 2022.


This marks the first MPC meeting for the year 2022.


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%


Proshare Nigeria Pvt. Ltd.


Related News on Monetary Policy

  1. Pre-MPC Note: Rate Hike Inevitable; A Question of When
  2. MPC: Nigeria Should Pay Attention to Growth, Rather than Inflation - Biodun Adedipe
  3. Money and Payments: The US Dollar in the Age of Digital Transformation
  4. Modest Expansion in Private Sector Credit in November 2021
  5. Personal Statements by the MPC Members at the 139 MPC Meeting of Nov 22-23, 2021
  6. A Welcome Pick-up in PSCE; Increased by 18.6% YoY in October 2021
  7. Increased Banking Credit to the Private Sector; Records 1.7% MoM Increase in October 2021
  8. Lending to the Real Sector: CBN Injects N7trn in 3 Years
  9. 282 MPC Policy Meeting Lukewarm as CBN Takes Time to Monitor Global Developments
  10. The Rate of Inflation and the Limitations of Monetary Policy


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP