As Expected, MPC Retains All Key Parameters At The End of November 2020 Meeting


Tuesday, November 24, 2020 02:51 PM / By Proshare Research / Header Image Credit: Facebook; 

Central Bank of Nigeria


The Monetary Policy Committee (MPC) of the Central Bank of Nigeria of Nigeria today concluded its two-day policy meeting which is the last for the year 2020.


At the end of the meeting, the committee resolved to hold the monetary policy rate and all other policy parameters constant.


The policy decisions reached are as follows: 

  • The benchmark interest rate (MPR) was held at 11.50%
  • The asymmetric corridor remained at to +100/-700 bps around the MPR
  • The cash reserve ratio held at 27.50%
  • The Liquidity Ratio retained at 30.00%

Proshare Nigeria Pvt. Ltd.

Related News

  1. Monetary Policy Committee Decision Preview: MPC Expected to Retain Policy Parameters - Access Bank
  2. A Pause to Reflect from the MPC
  3. LDR Policy: Over One Year After, Where Are We?
  4. Monetary Policy Response in Emerging Market Economies: Why Was it Different this Time?
  5. Endorsement of the CBN's Development Finance
  6. Slowdown in the Expansion of PSCE
  7. Personal Statements By The MPC Members At The 132 MPC Meeting of Sep 21-22, 2020
  8. MPC Surprise Rate Cut: Limited Impact on Credit Growth
  9. LDR Policy: Plausible But Insufficient to Stimulate Growth
  10. Banks Lend, the CBN Pushes Forbearance
  11. Low Liquidity Expected to Dampen Impact of Lower Rates

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News