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…
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Source : BusinessDay