CBN Retains MPR At 13.5%

Earlier, 9 out of 11 members of the Monetary Policy Committee (MPC) of the CBN, had voted to retain all key economic parameters. Consequently, Monetary policy rate (mpr) remained 13.5 per cent the asymmetric corridor at +200 and -500 basis point around the MPR, the CRR at 22.5 per cent and retain the liquidity ratio at 30 per cent.

 · CBN Retains Monetary Policy Rate At 13.5% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele made this known while addressing newsmen on outcome of the MPC meeting in Abuja on Tuesday.

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Retains MPR at 13.5 % The Central Bank of Nigeria, CBN, says there is need to resuscitate moribund industries in Nigeria and improve key infrastructure in order to strengthen the productive base of the economy, create job opportunities as well as boost exports.

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CBN Retains MPR at 14% Over Stalled MPC Meeting. By Lolade Odeyemi – January 23, 2018. The Central Bank of Nigeria, CBN, has retained key monetary policy variables decided at the last MPC meeting held in November 2017. This is coming as a result of its inability to convey its first monetary policy committee (mpc) meeting for 2018.

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 · The monetary policy committee of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate by 50 basis points. This means that the MPR, which is put at 14%, was eased to 13.5%. Announcing the decision of the committee earlier today at the apex bank’s headquarters, Godwin Emefiele, the CBN governor, said there [.]

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 · Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR) at 12 per cent while the Cash Reserve Requirement (CRR) on public sector deposits and CRR on private sector deposits are kept at 75 per cent and 15 per cent respectively. Also, the rising demand for dollar was attributed to the repatriation of [.]