CBN Headquarters Abuja FILE PHOTO
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained all its policy parameters constant.
At the end of its fifth meeting for 2021, the committee retained Monetary Policy Rate (MPR) at 11.5%, Liquidity Ratio at 30%, Credit Reserve Ratio (CRR) at 27 5% and +100% -700% basis points around MPR.
Reading the communique of the MPC meeting, CBN Governor, Mr Godwin Emefiele said the committee decided to hold the rates to ensure that current policy efforts achieved their desired results.
Details coming…
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