MPC Votes To Increase MPR From 12% To 14%

 MPC Votes To Increase MPR From 12% To 14%

CBNThe Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to increase the Monetary Policy Rate, (MPR) from 12% to 14%.
The committee also voted to retain cash reserve ratio at 22.5% and left the asymmetric corridor around MPC retained at +200 basis point(BPS) & -500 basis points(BPS)
Liquidity ratio was also maintained at 30%.
The MPC arrived at these decisions at the first meeting held in Abuja on Tuesday.
This is the first meeting since the introduction of the new FX market in June.

LTV

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