CBN Decides To Keep Monitoring Policy Rate At 11.5%

The Central Bank Nigeria (CBN) has decided to vote to retain the monitoring policy committee (MPC) of the Central Bank at 11.5%.

The CBN Governor, Goodwin Emefiele made this statement on Tuesday, at the end of two days meeting held at CBN Headquarters.

The committee retained the liquidity ratio at 30%, and cash reserve ratio (CRR) at 27.5%.

The Governor said, they voted in six members to maintain all parameters, while three members was voted to increase the MPR.