September 27, 2022/FBNQuest The monetary policy committee (MPC) will be concluding its two-day monetary policy meeting today. At its last meeting in July, committee members stressed the need to further tighten policy in order to stop the inflationary trend from continuing unabatedly. As such, committee members voted to raise the […]
OPINION/EDITORIAL
Post MPC | September 2022: MPC Raises Key Policy Rate by 150bps to 15.5% – Highest Ever Print
September 27, 2022/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to raise the Monetary Policy Rate (MPR) by 150bps to 15.5% – the third consecutive rate hike in 2022. The hike brings the total rate increase so far in 2022 to 400bps, representing […]
MPC Raises Rate +15.5% and CRR to 32.5%
September 27, 2022/InvestmentOne Report In the 5th MPC meeting for the year, the Committee unanimously voted to RAISE policy rate further by 150bps to 15.50% and the Cash Reserve Ratio by 500bps to a minimum of 32.50% with other policy parameters unchanged. Other parameters retained were: The asymmetric corridor […]
