BREAKING: CBN Reduces MPR To 12.5%

The Monetary Policy Committee (MPC) of Central Bank of Nigeria on Thursday reduced monetary policy rate (MPR), or the controlling lending rate to 12.5 per cent.

It, however, left other monetary policy parameters unchanged.

Reading the communique of the meeting, CBN Governor, Mr Godwin Emefiele, said the MPC resolved to retain the Liquidity Ratio at 30 per cent, Cash Reserve Requirement (CRR) at 27.5 per cent and the asymmetric corridor at +200/-500 basis points around the MPR.

Check Also

Stop bloodshed in South-East, release ‘Mama Biafra’, Nnamdi Kanu begs

The leader of the Indigenous People of Biafra, Nnamdi Kanu, has urged that the killings …

Hoodlums attack Oyo sports council chairman over N5m bet loss

The Oyo State Sports Council Chairman, Gbenga Adewusi, has been attacked by suspected hoodlums after …

PDP shifts senatorial primary over disagreement on delegates’ list

The committee conducting the primary election for Peoples Democratic Party in Osun East Senatorial District …

Leave a Reply

Your email address will not be published.