SAN FRANCISCO, September 25, (THEWILL) –Â The Central Bank of Nigeria (CBN) on Tuesday afternoon announced that members of the Monetary Policy Committee (MPC) have voted to retain the Monetary Policy Rate (MPR) at 14 percent.
Governor of the CBN, Mr Godwin Emefiele, made this announcement after the two-day MPC meeting held in Abuja.
He said 10 members attended the MPC meeting, which started on Monday, while seven of them voted for the interest rate to remain unchanged.
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.
