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
