• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Today’s MPC indicates a rate hike may be near

Onome Ohwovoriole by Onome Ohwovoriole
September 25, 2018
in Business News, Politics, Spotlight
CBN's Standing Deposit Facility, Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion , CBN confirms N500 and N1000 as two most counterfeited banknotes in Nigeria  

Godwin Emefiele, CBN Governor

Share on FacebookShare on TwitterShare on Linkedin

The Monetary Policy Committee (MPC) of the  Central Bank of Nigeria (CBN) today left the Monetary Policy Rate at 14% and other parameters unchanged.

MPR was thus left at 14%, Cash Reserve Ratio CRR at 22.5% and Liquidity Ratio at 30%.  The asymmetric corridor for the MPR was also left at +200/-500 basis points.

CBN Governor Godwin Emefiele also shed more light on the revocation of Skye Bank’s licence and the ‘fine’ levelled on MTN.

RelatedStories

CBN

Lawmakers caution CBN against raising interest rates beyond 27.5% to reduce unemployment 

May 15, 2025
Easy steps to build wealth through saving money in 2024

Money supply rises to N114.2 trillion in March amid soaring inflation 

April 21, 2025

The Monetary Policy Rate (MPR) is the rate at which the CBN lends to commercial banks. This, in turn, provides a benchmark at which the banks lend to the public.  The Cash Reserve Ratio (CRR) is the proportion of a bank’s deposits it has to hold as deposits either in cash or with the CBN.

Liquidity ratio is the ratio of a bank’s liquid assets to its liabilities. In other words, a bank’s cash balance plus assets that it can easily convert to cash to the total liabilities owed by the bank, which is typically deposits.

Why the rates were left unchanged

The CBN Governor stated that Holding would sustain gradual improvement in output (GDP)growth. There was also a need to maintain the current policy (interest rate and other parameters) stance in order to get a clearer understanding of the quantum and timing of the planned monetary injections before deciding on possible adjustments.  

The tide may be turning

Emefiele, however, stated that three of the members pushed for an increase in the Cash Reserve Ratio (CRR) by 150 basis points, an indication that left to them they would tighten (increase interest rates). Three members pushed for an increase of the MPR  by 25 basis points.

 


Follow us for Breaking News and Market Intelligence.
Tags: Central Bank of Nigeria CBNMPC meeting
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

CBN
Economy

Lawmakers caution CBN against raising interest rates beyond 27.5% to reduce unemployment 

May 15, 2025
Easy steps to build wealth through saving money in 2024
Economy

Money supply rises to N114.2 trillion in March amid soaring inflation 

April 21, 2025
Navigating economic uncertainty: Atus West Africa offers expert insights for investors
Economy

Nigeria’s money supply surges to N110.98 trillion as MPC members meet to decide rates 

February 19, 2025
CBN, forex
Breaking News

CBN announces rescheduled February 2025 MPC meeting 

February 10, 2025
CBN, forex
Economy

CBN postpones February MPC meeting as NBS delays rebased CPI report 

February 9, 2025
Naira, CBN, MPC
Currencies

Naira shows stability, aftermath of CBN’s MPC meeting

May 23, 2024
Next Post
CBN's Standing Deposit Facility, Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion , CBN confirms N500 and N1000 as two most counterfeited banknotes in Nigeria  

Skye Bank name change not for 'sexy reasons'- Emefiele

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • ‘The era of pit to port must end’ – Tinubu tells West African leaders at WAES2025 
  • FG to tap into the $90 million global market for Electronic Navigational Charts – Matawalle 
  • GTBank loses N970m debt case against MKO Abiola’s son, RCN Networks

Follow us on social media:

Recent News

Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 

‘The era of pit to port must end’ – Tinubu tells West African leaders at WAES2025 

June 21, 2025
Bello Matawalle, Zamfara state

FG to tap into the $90 million global market for Electronic Navigational Charts – Matawalle 

June 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics