The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted unanimously to maintain the Monetary Policy Rate (MPR) at 27.50%, signaling a commitment to sustaining macroeconomic stability amid evolving economic conditions.
In its latest meeting, the Committee also retained the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks. Similarly, the Liquidity Ratio (LR) remains unchanged at 30%, while the Asymmetric Corridor around the MPR is maintained at +500/-100 basis points.
The decision to hold these key rates steady reflects the MPC’s cautious approach in balancing inflation control, economic growth, and financial system stability.
More to follow….
