The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 11.5%.

The CBN Governor, Godwin Emefiele said this on Tuesday after the MPC meeting .

He said that the MPR retained at 11.50%
The asymmetric corridor of +100/-700 basis points around the MPR
CRR was retained at 27.5%
While Liquidity Ratio was also kept at 30%

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In the last meeting in May, the MPC retained the Monetary Policy Rate (MPR) for the fifth consecutive time, at 11.5 per cent, while all other parameters were also retained.

The asymmetric corridor was retained at +100/-700 basis points around the MPR; Cash Reserve Ratio (CRR) at 27.5 per cent and Liquidity Ratio at 30 per cent.