Nigeria MPC Leaves Key Policy Rates Unchanged At May 2019 Meeting

Tuesday, May 21, 2019 02:49PM / CardinalStone Research

The Monetary Policy Committee (MPC) meeting that was held on the 20^th and 21^st of May has just been concluded with the following committee decisions;

·     The benchmark interest rate (MPR) was held at 13.50%

·     The asymmetric corridor retained at +200bps and -500bps around the MPR

·     The Cash Reserve Ratio (CRR) retained at 22.50% and;



·     The Liquidity Ratio retained at 30.00% 

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