BREAKING: MPC votes to retain benchmark interest rate at 11.5%, hold other parameters constant
Thompson Nsisongabasi
Jul 27, 2021
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%.
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This was disclosed by the CBN Governor, Godwin Emefiele while reading the communique at the end of the MPC meeting on Tuesday 27th July 2021.
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Highlights of the Committee's decision:
MPR retained at 11.50%
The asymmetric corridor of +100/-700 basis points around the MPR
CRR was retained at 27.5%
While Liquidity Ratio was also kept at 30%
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— Thompson Nsisongabasi