CBN retains MPR at 13.5%, CRR 22.5%, Liquidity ratio 30%

The Monetary Policy Committee of the Central Bank of Nigeria has once again retained the Monetary Policy Rate at 13.5%. This makes it the eighth month since the apex bank has maintained the rate after it was dropped from 14% to 13.5% in March this year. Governor of the Central Bank, Godwin Emefiele ...

By TVCN

November 26, 2019 9:57 PM GMT+1

BN retains MPR at 13.5%, CRR 22.5%, Liquidity ratio 30% The Monetary Policy Committee of the Central Bank of Nigeria has once again retained the Monetary Policy Rate at 13.5%.

This makes it the eighth month since the apex bank has maintained the rate after it was dropped from 14% to 13.5% in March this year.

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Governor of the Central Bank, Godwin Emefiele further noted that the rate freeze applied to other policy indicators such as Cash Reserve Ratio which stays at 22.5%, the Liquidity Ratio at 30% and Asymmetric Corridor at +200 and -500 basis points.