CBN Governor Godwin Emefiele: Why Nigeria’s Central Bank retained MPR at 13.5%.. (MPC) has decided on Tuesday to retain the MPR rate at 13.5 per cent.. july 23, 2019. Facebook.
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WorldStage Newsonline– The Monetary policy committee (mpc) of the Central Bank of Nigeria rose from its two days meeting on Tuesday with decisions to retain the monetary policy rate (mpr), the reference interest rate at 13.5 per cent; retain the asymmetric corridor at +200/-500 basis points around the MPR; retain the cash reserve ratio (CRR) at 22.5 per cent; and retain the Liquidity Ratio at.
He said while the MPR was reduced to 13.5 per cent, the committee decided to retain the Cash Reserves Ratio at 22.5 per cent, the liquidity ratio at 30 per cent; and the asymmetric window at +200.
A prominent civil rights advocacy group, Human Rights Writers Association of Nigeria (HURIWA) has warned of the grave consequences of marginalising a bulk of the Nigerian populations who profess.
CBN Changes Gear, Reduces MPR to 13.5%. The Central Bank of Nigeria (CBN) at its Monetary Policy Committee (MPC) held at the banks’ headquarters in Abuja resolved to reduce the Monetary Policy Rate (MPR), also known as interest rate, by 50 basis points to 13.5 per cent from 14 per cent.
A former commissioner in the first term of Governor Kayode Fayemi in Ekiti State, Mrs Funke Owoseeni, on Thursday escaped death by a whisker as suspected assassins besieged her house located at Ijesa.
CBN slashes interest rate to 13.5% Latest News Plus.. by 50 basis points from 14 to 13.5 per cent; retain the asymmetric corridor of +200/-500 around the MPR; retain CRR at 22.5 per cent and retain the liquidity ratio at 30 per cent.".
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to adjust the official interest rate, that is, Monetary Policy Rate (MPR), by 50 basis points, from 14% to 13.5%.
· The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, disclosed this decision during a press conference at the end of a two-day MPC meeting held on Tuesday at the apex bank’s headquarters in Abuja.