Monetary Policy Committee( MPC) Moderated by the Central Bank of Nigeria (CBN) has just concluded its quarterly meeting today, with the following decisions:
1. Increased the Monetary Policy Rate (MPR ) by 200bps from 12.0% to 14.0%
2. Retained asymmetric corridor at +200bps and -500bps around the MPR

3. Retained the Cash Reserve Ratio (CRR) at 22.5%
4. Maintained the Liquidity Ratio at 30%