January 24, 2023/Cordros Update
In line with our expectation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its first meeting of the year, decided to:
- Raise the MPR further by 100bps to 17.50%;
- Retain the asymmetric corridor of +100/-700bps around the MPR;
- Retain the CRR at 32.5 per cent; and
- Retain the Liquidity Ratio at 30 per cent.
