The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday left the Monetary Policy Rate unchanged at 14 percent.
The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.
He explained that nine members of the committee unanimously agreed to maintain the current monetary policy stance.
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He said apart from the MPR which was retained at 14 percent, the committee also retained the Cash Reserves Ratio at 22.5 percent.
Also retained are the Liquidity Ratio which was left at 30 percent; and the Asymmetric Window which was left at +200 and -500 basis points around the MPR.
More details later…
