Economy
Again, CBN holds MPR at 14%, seeks speedy budget implementation
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent .
The CBN Governor , Mr . Godwin Emefiele , announced the decision of the committee at the end of a two – day meeting held at the apex bank’ s headquarters in Abuja .
He explained that seven members of the committee that attended the meeting agreed to maintain the current monetary policy stance while three voted to increase the rate .
He said apart from the MPR which was retained at 14 per cent , the committee also retained 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 .
More details to follow …
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