Business
CBN Holds MPR At 14% For The Twelfth Consecutive Time
The Monetary Policy Committee of the Central Bank of Nigeria earlier today, left the Monetary Policy Rate unchanged at 14 per cent.
https://twitter.com/tostvnetwork/status/1044592542199803905
Naija News learnt that the CBN Governor, Mr. Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.
BREAKING: Again, CBN holds MPR at 14%, seeks speedy budget implementation https://t.co/VsmXrGqvfA pic.twitter.com/zMQMXTUHB8
— Onward Nigeria (@OnwardNG) September 25, 2018
BREAKING: Again, CBN holds MPR at 14%, seeks speedy budget implementation https://t.co/VsmXrGqvfA pic.twitter.com/zMQMXTUHB8
— Onward Nigeria (@OnwardNG) September 25, 2018
He explained that seven members of the committee that attended the meeting agreed to maintain the current monetary policy stance while three voted to increase the rate. He said apart from the MPR which was retained at 14 per cent, the committee also retained the Cash Reserves Ratio at 22.5 per cent.
Also retained are the Liquidity Ratio which was left at 30 per cent; and the Asymmetric Window which was left at +200 and -500 basis points around the MPR.
Follow Us On Google
Journalistic Standards
