January 2017 MPC: Central Bank Leaves MPR At 14%

The Central Bank of Nigeria Monetary Policy Committee (MPC) has concluded its first meeting for 2017.  The MPC agreed to leave MPR at 14% and also left CRR at 22.5% and liquidity ratio at 30%.

Here is a breakdown of the decision taken.

(i) Retain the MPR at 14 per cent;

(ii) Retain the CRR at 22.5 per cent;

(iii) Retain the Liquidity Ratio at 30.00 per cent; and

(iv) Retain the Asymmetric corridor at +200 and -500 basis points around the MPR

Download the MPR report below;

[gview file=”https://cdn.nairametrics.com/wp-content/uploads/2017/01/Central-Bank-of-Nigeria-Communique-No-111-of-the-Monetary-Policy-Committee-Meeting-of-23rd-and-24th-January-2017.pdf”]