The Central Bank of Nigeria (CBN) has decided to keep the MPR at 12.0%, which is not surprising, given my analysis yesterday. It has also decided to maintain the status quo by keeping the Naira trading at between N150 - N160 to the dollar and the cash reserve ratio at 8% while the liquidity ratio remains 30%. The committee has also told the market that they would keep an eye on the fiscal stance of the Federal Government and respond appropriately whenever the need arises.
CBN Keeps MPR 12%
CBN Keeps MPR 12%
CBN Keeps MPR 12%
The Central Bank of Nigeria (CBN) has decided to keep the MPR at 12.0%, which is not surprising, given my analysis yesterday. It has also decided to maintain the status quo by keeping the Naira trading at between N150 - N160 to the dollar and the cash reserve ratio at 8% while the liquidity ratio remains 30%. The committee has also told the market that they would keep an eye on the fiscal stance of the Federal Government and respond appropriately whenever the need arises.