The first meeting of the Monetary Policy Committee of the central Bank of Nigeria for the year 2020 starts today (Thursday) after the initial rescheduled date of January 2oth and 21st.
The two day meeting will conclude tomorrow.
At the last meeting of 2019, the MPR was left unchanged at 13.5% since the committee first made the surprise move dropping it by 0.5% from 14% in March.
Governor of the Central Bank, Godwin Emefiele during the last meeting had the rate freeze applied to other policy indicators such as Cash Reserve Ratio which stayed at 22.5%, the Liquidity Ratio at 30% and Asymmetric Corridor at +200 and -500 basis points.
The MPC called for urgent steps by the Federal Government to build fiscal buffers and improving liquidity.