Business & Finance

MPC Meeting: CBN Leaves All Rates Unchanged

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained all key indicators.

The CBN Governor, Mr Godwin Emefiele, on Tuesday read the communique announcing decisions reached at its September meeting in the nation’s capital, Abuja.

The monetary policy committee retains MPR at 14%, CRR at 22.5% and Liquidity Ratio at 30%

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At the last committee meeting in July, Monetary Policy Rate was raised from 12 percent, to 14 percent, while the Cash Reserve Ratio and Liquidity Ratio were both retained, at 22.50 per cent and 30 per cent each.

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