November 22, 2018
By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday decided to retain Nigeria’s Monetary Policy Rate (MPR) at 14 percent for the Thirteenth consecutive time; with the asymmetric corridor at +200 basis points and -500 basis points around the Monetary Policy Rate (MPR).
Similarly, the committee retained the Cash Reserve Ratio (CRR) at 22.5 percent and the liquidity ratio at 30 percent.
The MPC has kept the 14 percent benchmark interest rate since July 2016 despite calls to lower rates to support and promote a healthy economy.
This is coming on the heels pf the MPC meeting that held on the 21st and 22nd November, 2018.
