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Just in: CBN’s MPC raises MPR by 50bps to 18.5%, retains other indices

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its third meeting of the year, voted to:

Raise the MPR further by 50bps to 18.5%;

Retain the asymmetric corridor of +100/-700bps around the MPR;

Retain the CRR at 32.5%; and

Retain the Liquidity Ratio at 30.0%.

…Full report soon.

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