The Monetary Policy Committee of the Central Bank of Nigeria, on Tuesday voted unanimously to retain the benchmark rates at 11.5 per cent.
This was disclosed by the CBN Governor, Godwin Emefiele while reading the communique at the end of the MPC meeting in Abuja.
Highlights of the Committee’s decision: MPR retained at 11.50 per cent, the asymmetric corridor of +100/-700 basis points around the MPR.
The Cash reserves ratio was retained at 27.5 per cent, while Liquidity Ratio was also kept at 30 per cent.
The apex bank also reduced MPR from 12.5 per cent to 11.5 per cent.