BY BAMIDELE FAMOOFO
In line with expectations, the Monetary Policy Committee of the Central Bank of Nigeria at its third meeting of the year, voted to raise the MPR further by 50bps to 18.5 percent.
The MPC retained the asymmetric corridor of +100/-700bps around the MPR and also retained the Cash Reserve Ratio for deposit money banks at 32.5 percent; and the Liquidity Ratio was also retained at 30.0 percent.
Details later…
