CBN Retains MPR at 27% to Ensure Economic Stability
The Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) unchanged at 27% during a meeting of the Monetary Policy Committee (MPC) in Abuja. The CBN Governor, Mr. Olayemi Cardoso, emphasized the need to sustain progress towards achieving low and stable inflation.
The bank also adjusted the standing facilities corridor around the MPR by 50-450 basis points and retained the Cash Reserve Ratio (CRR) requirements for banks. These decisions aim to maintain stability in the Nigerian economy.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
CBN Retains MPR at 27% to Combat Inflation
CBN Retains MPR at 27% to Combat Inflation and Stabilize Markets
CBN Retains Interest Rate at 27% Amid Easing Inflation in Nigeria
CBN's 27% Rate Freeze: Cautious Move to Address Inflation and Global Uncertainties
CBN Keeps Interest Rate at 27% in Unanimous MPC Vote
Analysts Warn CBN's Tight Monetary Policy May Slow Economic Growth
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
