Central Bank of Nigeria (CBN) 295th Monetary Policy Committee (MPC) Meeting Outcome – 21/May/2024:

• Monetary Policy Rate (MPR) was raised by 150 basis points from 24.75% to 26.25%.
• Asymmetric Corridor retained at +100/-300 basis points around the MPR.
• Cash Reserve Ratio (CRR) retained at 45.00% for DMBs and 14% for Merchant Banks.
• Liquidity Ratio (LR) retained at 30.0%.