BREAKING: CBN reduces MPR to 12.5%


The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 13.5% to 12.5%.

The CBN governor, Godwin Emefiele disclosed this while reading the communique at the end of the MPC meeting on Thursday.

Emefiele also announced that the committee retained the Cash Reserve Ratio at 27.5%, while the liquidity ratio was retained at 30%.

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