Nigeria: MPC retains reference interest rate at 14%, urges FG to sustain investment in infrastructure

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria rose today from its first meeting for fiscal 2019 (21st and 22nd January, 2019) with decisions to keep the policy parameters unchanged from their current levels, Monetary Policy Rate (MPR) retained at 14 per cent; asymmetric corridor of +200/-500 basis points around the MPR; Cash Reserve Ratio (CRR) at 22.5 per cent; and Liquidity Ratio at 30 per cent. Read more