The Central Bank of Nigeria (CBN) said the decision. from 14 per cent to 13.5 per cent. The decision took most financial sector analysts by surprise. Before the meeting, many analysts expected the.
Retain the asymmetric corridor of +200/-500 basis points around the MPR; Retain the CRR at 22.5 per cent; and retain the Liquidity Ratio at 30 per cent. Speaking, Emefiele said CBN has held several.
analysts have said members of the committee will retain the Monetary Policy Rate, MPR, at 14 percent for the 10th consecutive time. Mr. Godwin Emefiele, Governor, CBN; dr. okwu joseph nnanna, Deputy.
· Nigeria Post MPC Panel: Nigeria MPC retains MPR at 13.5%. In its fourth meeting of the year, Nigeria’s Monetary Policy Committee kept the country’s benchmark interest rates unchanged at 13.5.
IN spite of the optimism expressed by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele about the possibility of reduction in the Monetary Policy Rate (MPR) before July, Chief.
The CBN Governor, Mr Godwin Emefiele. He said the other one member of the MPC voted that the rates be increased. He said apart from the MPR which was retained at 14 per cent, the committee also.
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The Central Bank of Nigeria (CBN) on Tuesday resolved to leave the Monetary Policy Rate (MPR), otherwise known as interest rate at 14 per cent. It also retained the Cash Reserve Ratio (CRR) at 22.5.
The Central Bank of Nigeria (CBN) said the decision of its monetary policy committee (MPC) to slash tits controlling lending rate in the country was to establish the foundation for the next phase.
Also at the briefing, the CBN stated that the MPC resolved to retain the Monetary Policy Rate (MPR) at 13.50 per cent; retain the asymmetric corridor of +200/-500 basis points around the MPR; retain.
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Rising from its last Monetary Policy Committee (MPC) meeting of the year yesterday in Abuja, the Central Bank of Nigeria (CBN) backed the Federal. Meanwhile, the MPC voted to retain the MPR at 14.0.
Why CBN reduced monetary policy rate to 13.5% – Emefiele. March 26, (MPR), from 14 per cent to 13.5 per cent.. many analysts expected the committee to retain the MPR and other monetary.