Central Bank of Nigeria retains monetary policy rates unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday said it has retained all the monetary policy parameters unchanged.

The CBN governor, Godwin Emefiele, said during an online briefing at the end of the committee’s meeting in Abuja.

He said the monetary policy rate (MPR), popularly called lending rate, was left unchanged at 12.5 per cent.

The other parameters that were retained include the cash reserve requirement (CRR) at 27.5 per cent, Liquidity Ratio at 30 per cent and the Asymmetric Corridor at +200/-500 basis points around the MPR.

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