MPC Holds All Policy Parameters at the End of Its First Meeting in 2021

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Tuesday, January 26, 2021 03:40 PM / By Proshare Research / Header Image Credit: Arise News


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

 

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) retained at 11.50%
  • The asymmetric corridor remained at to +100/-700 bps around the MPR
  • The cash reserve ratio retained at 27.50%; and
  • The Liquidity Ratio retained at 30.00%


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