Central Bank of Nigeria reduces monetary policy rate to 13.5%. This decision is by the Monetary Policy Committee of the Central Bank of Nigeria.
Mr. Godwin Emefiele, CBN Governor, announced this at the end of a two-day meeting held at the bank headquarters apex. Six out of eleven members of this committee agreed to this.
The committee retained the cash reserves ratio at 22.5%.
The liquidity ratio remains at 30%
The Asymmetric Window of +200 and -500 basis points around MPR remains.