WorldStage– Monetary Policy Committee (MPC) of the Central Bank of Nigeria rose from its meeting on Tuesday with decision retained Monetary Policy Rate at 26.5%.
At the meeting attended by11 members, the MPC also retained asymmetric corridor around the MPR at +50bps /-450bps and Cash Reserve Ratio (CRR ) for Deposit Money Banks at 45.00%.
CRR for Merchant Banks was retained at 16.00% with 75% CRR on Non-TSA Public Sector deposit.
MPC also retained Liquidity ratio at 30.00%.
