Why Monetary Policy Committee kept rates unchanged

Last week, 9 out or 10 members of the Monetary Policy Committee (MPC) voted for the retention of monetary policy rate at 14 percent, Cash Reserve Ratio (CRR) at 22.5 percent, liquidity ratio at 30 percent and asymmetric corridor of +200/-500. Moses Tule, director of monetary policy department, Central Bank of Nigeria (CBN) explained the…

This content is for Standard Digital Monthly Subscription, Premium Digital Monthly Subscription, Standard Digital Yearly Subscription, Premium Digital Yearly Subscription, WSJ 5 DAY TRIAL and 30-Day Corporate Subscription members only. Visit the site and log in/register to read.

The post Why Monetary Policy Committee kept rates unchanged appeared first on BusinessDay : News you can trust.

Source : BusinessDay

Tags: No tags

Add a Comment

Your email address will not be published. Required fields are marked *