Nigeria Retains Rate at 14% Sixth in 2017

By Abdulquddus OKELE InvestAdvocate

Lagos (INVESTADVOCATE)-the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday maintained status quo at the end of its meeting.

At the end of the meeting the following resolutions were passed by the MPC:                          

·         Retain the Monetary Policy Rate (MPR) at 14%

·         Retain the CRR at 22.5%

·         Retain the Liquidity Ratio at 30%

·         Retain the Asymmetric Window at +200 and -500 basis points around the MPR.