March 30, 2020/Coronation Report

Last week the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its Monetary Policy Rate (MPR) at 13.50%, thus becoming one of the few central banks in the world not to signal (and the MPR is to some extent a signal – see the actual market rates listed on this page) loosening of monetary conditions. In fact it had already announced an injection of liquidity into the economy one week earlier, an injection over which it will exercise oversight.

Click here to read full PDF copy of report