CBN retains Monetary Policy Rate at 14%

by | November 22, 2016 2:36 pm



The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain its Monetary Policy Rate at 14 percent. According to Central Bank Governor, Godwin Emefiele, other important decisions reached by the committee include to retain the CRR at 22.5 percent, retain the asymmetric corridor at +200/–500 basis points and to maintain Liquidity Ratio at 30…

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