Categories: Business

MPC Retains MPR At 13.5%

CBN Governor, Godwin Emefiele.

 

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 13.5%.

Governor of the Central Bank, Godwin Emefiele, made the announcement on Friday during the MPC meeting in Abuja.

This is the sixth month the apex bank has maintained the rate after it was dropped from 14% to 13.5% in March.

According to Emefiele, the decision was unanimously agreed upon by all committee members.

He said, “The committee has decided by a unanimous vote to maintain Monetary Policy Rate at 13.5% and to hold other policy parameters constant.

“In summary, the MPC voted to retain MPR at 13.5%, to retain asymmetric corridor at +200 and -500 basis points around the MPR, to retain CRR at 22.5% and to retain the liquidity Ratio at 30%”.

Rejoice Ewodage

Disqus Comments Loading...

Recent Posts

South Africa’s Electoral Umpire Bars Ex-President Zuma From May Election

Zuma was sentenced to 15 months in jail in June 2021 after refusing to testify…

29 mins ago

Fallen Crypto Tycoon Bankman-Fried Gets 25-Year Sentence

Although lower than the 40-50 years sought by the government, the Justice Department praised the…

53 mins ago

Police Hand Over Delta King, Ikolo To Military

The development has been confirmed by the Public Relations Officer, Delta State Police Command. Bright…

1 hour ago

Israeli Strike Kills 36 Syrian Soldiers Near Aleppo – War Monitor

The strikes have increased since Israel's war with the Palestinian militant group Hamas, a Hezbollah…

1 hour ago

Good Friday: Obaseki Tasks Christians On Sacrifice, Tolerance

He noted, “I celebrate with our Christian brothers and sisters as we mark Good Friday,…

2 hours ago

Governor Otu Felicitates Tinubu At 72

Wishing the president god's protection, good health and long life, the governor said: "I want…

2 hours ago