Nigeria MPC Leaves Key Policy Rates Unchanged At May 2019 Meeting

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

 

The Monetary Policy Committee (MPC) meeting that was held on the 20th and 21st 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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