CBN retains Monetary Policy Rate at 11.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has decided to hold All Policy parameters constant,

At the end of the meeting, the committee resolved to retain the monetary policy rate and all other policy parameters constant.

The decisions reached are as follows:

• The benchmark interest rate (MPR) retained at 11.50%

• The asymmetric corridor remained at +100/-700 bps around the MPR

• The cash reserve ratio retained at 27.50%; and

• The Liquidity Ratio retained at 30.00%