Monetary Policy Committee on the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5%.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele disclosed this in a communique at the end of the MPC meeting.
Apart from the MPR retained at 11.5%, other parameters were also retained. CRR was retained at 27.5%. Liquidity Ratio was also kept at 30%; and asymmetric corridor of +100/-700 basis points.