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MONETARY POLICY COMMITTEE
Central Bank of Nigeria's monetary policy committee has disclosed that banks have created about new N2 trillion loans in the last six months. The apex bank made this claim in its monetary policy communique.
At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5% to 27.5%.
The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis points to 27.5%. Meanwhile, other parameters such as Monetary Policy Rate, Liquidity ratio, and asymmetric corridor remain unchanged.
A member of the CBN’s Monetary Policy Committee (MPC) has expressed concerns about the increasing fiscal deficit of the Nigerian government.
No surprise as MPC retains policy rates, balancing effects between rising inflation and tepid growth
The Monetary Policy Committee (MPC) of the CBN maintained status quo on all policy rates at the meeting which ended the 26th November 2019.
The CBN disclosed that the Federal Government paid $1.09 billion to service its debts between January and September 2019.
CBN Governor, Godwin Emefiele, has disclosed that the apex bank would move to further cut the MPR if inflation drops to a single digit.
It is no longer news that the Monetary Policy Committee of the Central Bank of Nigeria left the Monetary Policy Rate, MPR, unchanged at 13.5 per cent, as announced by the Governor, CBN, Mr. Godwin Emefiele.
Central Bank Governor, Godwin Emefiele has tendered an apology over the inconveniences generated by the introduction of the cashless policy.
The Monetary Policy Committee (MPC) of the CBN holds its 269th meeting today and tomorrow, September 19 and 20, 2019.
The Monetary Policy Committee (MPC) will hold its penultimate meeting for the year on September 19 and 20, 2019.
Expectations are high as the Central Bank's Monetary Policy Committee (MPC) is currently meeting. As the CBN's highest decision-marking committee meets, financial experts differ on a move for possible rates cut.