CBN cuts key interest rate to 13.5% . March 26 (Lagos) – Reduce the MPR by 50bps to 13.50% – Retain CRR at 22.5% – Retain Liquidity ratio at 30% – Maintain an asymmetric corridor at +200/-500 basis points around the MPR. Key considerations of the committee included:.
Earlier, 9 out of 11 members of the Monetary Policy Committee (MPC) of the CBN, had voted to retain all key economic parameters. Consequently, monetary policy rate (mpr) remained 13.5 per cent the asymmetric corridor at +200 and -500 basis point around the MPR, the CRR at 22.5 per cent and retain the liquidity ratio at 30 per cent.
RBA’s Lowe: Not unreasonable to expect a lower cash rate from here Dr Lowe said the bank’s decision to cut rates to an historic low of 1.25 per cent from 1.5 per cent had been driven by a failure to see enough wage growth and inflation, and not because of a.
CBN MPC retains key lending rate at 13.5%. CBN governor, Godwin Emefiele says 9 out of the 11 members that attended the meeting agreed to retain the current monetary policy stance.
This was contrary to the 50 basis points cut in the MPR, to 13.5 percent from 14 percent, announced at the end of the.
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The Monetary Policy Committee of the Central Bank of Nigeria, at the end of it’s May, 2019 meeting in an unanimous vote agreed to retain the Monetary Policy Rate at 13.5%. Proshare WebTV brings you highlights of the statement by the CBN Governor Mr Godwin Emefiele courtesy Channel Television.
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The Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 14 per cent All others policy paraters were equally retained. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The.
CBN Reduces MPR From 14% -13.5% The Central Bank of Nigeria (CBN), on Tuesday, announced a slight reduction in its Monetary Policy Rate (MPR) from 14per cent it was pegged since 2016 to 13.5per cent. The CBN Governor, Mr Godwin Emefiele, said six out of 11 members of the MPC voted to reduce the MPR by 50 basis points to boost lending to.
The Central Bank of Nigeria (CBN) Tuesday resolved to retain the Monetary Policy Rate (MPR), otherwise known as interest rate, at 13.5 per cent. The MPR is the rate at which the CBN lends to.
The CBN Governor, Mr Godwin Emefiele. agreed to reduce the current monetary policy stance. He said while the MPR was reduced to 13.5 per cent, the committee decided to retain the Cash Reserves.