May 21, 2024/Cordros Update
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to:
- Raise the MPR by 150bps to 26.25% (Previously: 24.75%)
- Retain the asymmetric corridor at +100bps/-300bps
- Retain CRR at 45.0% and
- Retain liquidity rate at 30.0%
Full report to follow.
