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Again, CBN retains monetary policy rate at 14%



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 all the eleven members of the committee that attended the meeting agreed to maintain the current monetary policy stance .

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 …