Tag: Monetary Policy Rate

UPDATE 2-CBN Retains Rate at 12% for 14th Time, Ups CRR to 75%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the fourteenth time following its Monetary Policy Committee (MPC) held January 20-21 2013 in Abuja Nigeria. However, the public sector cash reserve requirement (CRR) was tightened to […]

UPDATE1-CBN Retains Rate at 12% for 14th Time, Ups CRR to 75%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%) consecutively for the fourteenth time following its Monetary Policy Committee (MPC) held January 20-21 2013 in Abuja Nigeria. However, the public sector cash reserve requirement (CRR) was tightened to […]

Nigeria’s Economic Report for Half Year 2012-CBN

Monetary targeting, in principle, remained the framework for monetary management during the first half of 2012. In reality, however, actual implementation of monetary policy adopted an eclectic approach, as attention was focused on both quantity and price variables to achieve the objective of monetary and price stability. In this regard, […]