Nigeria: MPC decides to hold key policy rates constant

CardinalStone Research

The Monetary Policy Committee (MPC) meeting that held on the 19^th and 20^th 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%