By Tony Obiechina, ABUJA
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) again on Friday retained the Monetary Policy Rate (MPR) at 13.5 per cent.
CBN Governor, Mr Godwin Emefiele, announced the decision of the committee while briefing journalists at the end of its two-day meeting held at the apex bank’s headquarters in Abuja, .
He explained that nine out of the 11 members who attended the meeting unanimously agreed to hold the monetary policy position.
The governor added that apart from the MPR that was retained at 13.5 per cent, the committee also decided to hold the Cash Reserves Ratio at 22.5 per cent.
Also retained are the Liquidity Ratio which was left at 30 per cent; and the Asymmetric Window which was left at +200 and -500 basis points around the MPR.
