March 21, 2023/Cordros Update
In line with our expectation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its second meeting of the year, voted to:
- Raise the MPR further by 50bps to 18.0%;
- Retain the asymmetric corridor of +100/-700bps around the MPR;
- Retain the CRR at 32.5%; and
- Retain the Liquidity Ratio at 30.0%.
Full report to follow.
