The Monetary Policy Committee of the Central Bank of Nigeria
on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.
The CBN Governor, Mr Godwin Emefiele who announced the
decision of the committee at the end of a two-day meeting held at the apex
bank’s headquarters in Abuja explained that the six members of the committee
agreed to maintain the current monetary policy stance.
He, however, said that two members voted to ease monetary
policy rate.
He said apart from the MPR which was retained at 14 per
cent, the committee also retained the Cash Reserves Ratio at 22.5 per cent.
Also retained are the Liquidity Ratio which was left at 30
per cent; and the Asymmetric Window which was left at +200 and -500 basis
points around the MPR.
PUNCH
0 comments:
Post a Comment