CBN retains MPR at 11.5%


The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5%.

This was disclosed by the CBN Governor, Godwin Emefiele, at the end of the MPC meeting on Tuesday.

The committee also left other parameters such as Cash Reserve Ratio (CRR), Liquidity ratio, and asymmetric corridor unchanged.

The CRR was retained at 27.5% while Liquidity Ratio was also kept at 30%.

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