CBN’s policy committee retains 14% interest rate, others

WorldStage Newsonline– The re-constituted Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two day meeting on Wednesday with unanimously decisions to retain the Monetary Policy Rate (MPR) at 14.0 per cent; Cash Reserve Rte (CRR) at 22.5 per cent; Liquidity Ratio at 30.0 per cent; and Asymmetric corridor at +200 and -500 basis points around the MPR.

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