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Reading: CBN MPC holds MPR at 11.5%, all other parameters constant
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CBN MPC holds MPR at 11.5%, all other parameters constant

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: January 25, 2022
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1 Min Read
Godwin Emefiele
Governor of the CBN, Godwin Emefiele
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to retain the Monetary Policy Rate (MPR) at 11.5 per cent, whilst keeping all other monetary parameters constant.

The Governor of the CBN, Godwin Emefiele made this announcement while reading the communique of the first monetary policy committee meeting of the year.

He said: “After a careful balancing of the benefits and the downside risks of the policy options, the MPC decided to hold all parameters constant, believing that a whole stance will enable the continuous permeation of current policy measures in supporting the recorded growth recovery and further boost production and productivity which will ultimately rein in inflation in the short to medium term.

“The MPC thus decided by a unanimous vote, the MPC voted as follows, one, retain MPR at 11.5 per cent; retain the asymmetric corridor of +100/-700 basis points around the MPR; retain the CRR at 27.5 per cent; and retain the Liquidity Ratio at 30 per cent.”

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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