Monetary Policy Committee Maintains Status Quo

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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%
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Monetary Policy Committee Maintains Status Quo - Brand SpurMonetary Policy Committee Maintains Status Quo - Brand Spur

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