BREAKING: CBN votes to hold all interest rates at 27.5%

The Central Bank of Nigeria monetary policy committee has voted to hold all rates across board with the headline monetary policy rate held at 27.5%.

This was announced by the central bank governor, Yemi Cardoso at the press briefing of the monetary policy committee.

• 1. Raise the MPR by 25 basis points to 27.50 per cent from 27.25 per cent.
• 2. Retain the asymmetric corridor around the MPR at +500/-100 basis points.
• 3. Retain the Cash Reserve Ratio of Deposit Money Banks at 50.00 per cent and Merchant Banks at 16 per cent.
• 4. Retain the Liquidity Ratio at 30.00 per cent