The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its fourth monetary policy meeting of 2021 today, maintaining all key rates. Please see below, a summary of the committee’s decisions:
– Retain MPR at 11.50%
– Retain CRR and Liquidity ratio at 27.50% and 30% respectively.
– Maintain an asymmetric corridor at +100/–700 basis points around the MPR.