• 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 Sectors Financial Services

Nov 2021 MPR: CBN retains MPR at 11.5%, holds other parameters constant

Samuel Oyekanmi by Samuel Oyekanmi
November 23, 2021
in Financial Services, Macros, Monetary Policy, Spotlight
Bank customers with CBN rise to 57 million in April 2023

Godwin Emefiele, CBN Governor

Share on FacebookShare on TwitterShare on Linkedin

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.

This was disclosed by the CBN Governor, Godwin Emefiele, while reading the communique at the end of the 282nd Monetary Policy Committee meeting on Tuesday, 23rd November 2021.

The MPC stated that its policy over the previous months has begun to show results, owing to the 4.03% growth in real GDP and the 6th consecutive monthly decline in headline inflation. The governor noted the continued moderation in the headline inflation, which he attributed to a marginal decline in the food and core components of the inflation index in October 2021.

RelatedStories

CBN, forex

No recapitalisation deadline extension for BDCs, CBN says 

June 11, 2025
CBN, forex

Private sector credit rises to N77.9 trillion in April 2025 

May 30, 2025

Read: CBN’s forex policies: Timeline between Covid-2020 and 2021

Highlights of the Committee’s decision

  • MPR retained at 11.50%.
  • The asymmetric corridor of +100/-700 basis points around the MPR was retained.
  • CRR was retained at 27.5%.
  • The liquidity Ratio was also kept at 30%.

The overall outlook of the Nigerian economy according to the MPC indicates a continuous rebound in economic growth, which is supported by monetary and fiscal policies and stability in the price of crude oil.

The committee also noted the impact of increased vaccination in the effort to ensure economic growth in the country. In the same vein, the governor expects Inflation to continue to ease towards the end of the year.

Read: CBN forex policy: BDCs decry job cuts, could lose N300 billion capital

Reasons behind its decision to hold

The apex bank opined that since its prior decisions to hold on to existing monetary policy rates have aided economic growth there was no reason to change course.

“As for whether to hold its existing stance, MPC believes that the existing monetary policy stance has supported the growth recovery and should be allowed to continue for a little longer for consolidation to achieve the MPC
mandate of price stability that is conducive for sustainable growth. The Committee also feels that a hold stance will enable it to carefully appraise the implications of the unfolding global development around policy tapering and normalization by advanced economies.”

Tags: CBNFeaturedMonetary Policy Committee of the Central Bank of NigeriaMPCMPR
Samuel Oyekanmi

Samuel Oyekanmi

For further inquiries about this article, contact: Email: samuel.oyekanmi@nairametrics.com Twitter: @OYEKANMISAMUEL Linkedln: Samuel Oyekanmi

Related Posts

CBN, forex
Financial Services

No recapitalisation deadline extension for BDCs, CBN says 

June 11, 2025
CBN, forex
Financial Services

Private sector credit rises to N77.9 trillion in April 2025 

May 30, 2025
Easy steps to build wealth through saving money in 2024
Economy

Money supply soars to N119 trillion amid CBN’s rate pause strategy 

May 29, 2025
CBN, forex
Financial Services

New CBN instruments target liquidity in Islamic finance 

May 27, 2025
Bank customers with CBN rise to 57 million in April 2023
Business News

Former aide admits no record of alleged $400,000 payment to ex-CBN Gov. Godwin Emefiele

May 27, 2025
CBN, forex
Legal & Regulations

SERAP sues CBN over non-disclosure of direct payments to local governments in Nigeria 

May 25, 2025
Next Post
Lagos diverts traffic at outer Marina for rail project, provides alternative routes

Lagos diverts traffic at outer Marina for rail project, provides alternative routes

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

  • CBN Forbearance hits FUGAZ stocks—except GTCO
  • EFCC arraigns Oil Magnate over alleged N750 million bank fraud in Port Harcourt 
  • FIRS extends tax office operations to weekends in June 2025 

Follow us on social media:

Recent News

GTCO to write off Aiteo loan and switch to aggressive recovery plan

CBN Forbearance hits FUGAZ stocks—except GTCO

June 17, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC arraigns Oil Magnate over alleged N750 million bank fraud in Port Harcourt 

June 17, 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