Nigeria: MPC decides to hold key policy rates constant

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CardinalStone Research

The Monetary Policy Committee (MPC) meeting that held on the 19th and 20th of September has just been concluded and the committee voted to hold all policy parameters constant as follows; 

  • The benchmark interest rate (MPR) was held at 13.50%
  • The asymmetric corridor retained at +200bps and -500bps around the MPR
  • The Cash Reserve Ratio (CRR) retained at 22.50% and;
  • The Liquidity Ratio retained at 30.00%
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