The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent.
The MPC also adjusted the Asymmetric Corridor to +500/-100 basis points from +100/-300 basis points around the MPR.
Mr Yemi Cardoso, the Governor of CBN made this known on Tuesday in Abuja, while presenting the communiqué from the 296th meeting of the MPC.
Details later. (NAN)
READ ALSO:
- Ondo governorship election: INEC replaces LP candidate
- CBN to penalise DMBs aiding, abetting Naira hawking
- First lady Tinubu inaugurates upgraded Ebonyi airport runway
- SWC removes C’River PDP chairman
- Sanwo-Olu applauds MTN Foundation for 20 years of operation
