The Monetary Policy Committee (MPC) concluded its two-day policy meeting today. The committee agreed to hold all policy parameters constant following recent interventions by CBN to cushion potentially adverse impacts from the recent COVID-19 outbreak.
- The benchmark interest rate (MPR) was held at 13.50%
- The cash reserve ratio held at 27.5%
- The asymmetric corridor retained at +200bps and -500bps around the MPR
- The Liquidity Ratio retained at 30.00%
