September 2021 MPC Meeting: CBN Retains All Policy Parameters

Proshare

Friday, September 17, 2021 / 03:14 PM / by Proshare Research / Header Image Credit: CBN

 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has today concluded its two-day meeting in September 2021.


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: Will Status Quo Be Maintained?
  2. A Winning Formula for MPC Members
  3. Personal Statements by the MPC Members at the 137 MPC Meeting of July 26-27, 2021
  4. Single-Digit Growth in PSCE in July 2021
  5. Post MPC - July 2021: Reactive in Action... Proactive in Guidance
  6. A Slowdown in Growth in PSCE, Rose by 10.9% in June 2021 to N32.64trn
  7. CBN Stops Sale of FX to BDCs, Holds Policy Parameters Constant
  8. CBN Communique No. 137 of the MPC Meeting - July 26-27, 2021
  9. July 2021 MPC Meeting: CBN Holds All Policy Parameters, Stops Sales of FX to BDCs
  10. MPC Likely to Hold Rates
  11. The Rationale for No Change in the MPC's Stance
  12. Personal Statement of MPC: If It Ain't Broke...
  13. Personal Statements by the MPC Members at the 136 MPC Meeting of May 24-25, 2021
  14. Double-Digit Growth in PSCE in May 2021
  15. System Liquidity in Deficit on Persistent CRR Debits
  16. Intricacies of Liquidity Management in Nigeria
  17. Steady Growth in Private Sector Credit Extension in April 2021
  18. Post-MPC May 2021: Status Quo Justified but Economy Still Shackled
  19. May 2021 Meeting: Another MPC Decision to Wait and See
  20. CBN Communique No. 136 of the MPC Meeting - May 24-25, 2021

 

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP