SAN FRANCISCO, November 24, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has concluded its two-day policy meeting, the last for the year 2020.
At the end of the meeting, the committee resolved to hold the monetary policy rate and all other policy parameters constant.
The policy decisions reached are as follows: The benchmark interest rate (MPR) was held at 11.50%
The asymmetric corridor remained at to +100/-700 bps around the MPR
The cash reserve ratio held at 27.50% and the Liquidity Ratio retained at 30.00%
