January 26, 2022/CardinalStone Research In line with our expectation, the Monetary Policy Committee (MPC) of the CBN voted unanimously to retain the benchmark Monetary Policy Rate (MPR) at 11.5%, the asymmetric corridor around the MPR at +100bps/- 700bps, Cash Reserve Requirement (CRR) at 27.5%, and liquidity ratio at 30.0%. In […]
Updates
CBN Communique No. 140 of the MPC Meeting January 24-25, 2022
January 26, 2022/CBN The Monetary Policy Committee (MPC) held its first meeting for the year 2022 on the 24th and 25th of January 2022 in the light of waning optimism for a robust rebound in global recovery in 2021. This resulted from the persistence of the COVID-19 pandemic and emergence of new […]
MPC Decision – January 2022
January 26, 2022/Coronation Research Ten (10) members of the committee were in attendance. Decision (unanimous) • Retain MPR at 11.50% • Retain the asymmetric corridor of the MPR at […]
