Economists Laud CBN For Retaining MPR At 11.5%
Some economists on Wednesday in Lagos, commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria for leaving all Monetary Policy Rates (MPR) unchanged. The experts who gave the commendations said the committee took an ‘excellent resolution’ by leaving key parameters unchanged. The committee had on Jan. 26 decided by a unanimous vote to retain the MPR at 11.5 per cent; the asymmetric corridor of +100/-700 basis points around the MPR; the CRR at 27.5 per cent; and the Liquidity Ratio at 30 per cent. MPR is the…
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