CBN retains Monetary Policy Rate at 11.5%

The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5%.

The Committee also voted to retain Cash Reserve Ratio at 27.5%, while Liquidity Ratio is to remain at 30%.

It also maintained Asymmetric Window of +100 and -700 basis points around the MPR.

#CBN #MPC votes unanimously to retain Monetary Policy Rate at 11.5%
retains Cash Reserve Ratio at 27.5 per cent
retains Liquidity Ratio at 30 per cent
maintains Asymmetric Window of +100 and -700 basis points around the MPR #CBNMPC pic.twitter.com/1K0Jl54LmO

— Central Bank of Nigeria (@cenbank) May 25, 2021

Amaka E. Nliam