The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its first meeting of the year, voted to:
Raise the MPR by 400bps to 22.75%
Increase the asymmetric corridor to +100bps/-700bps (Previously: +100bps/-300bps)
Increase CRR to 45.0% (Previously: 32.5%); and
Retain liquidity rate at 30.0%
…Details later
