September 20, 2019/InvestmentOne Update
In line with our expectation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained status quo at the end of its meeting today. The resolutions of the Monetary Policy Committee are to;
§ Retain the Monetary Policy Rate (MPR) at 13.5%
§ Retain the CRR at 22.5%
§ Retain the Liquidity Ratio at 30.0%
§ Retain the Asymmetric Window at +200 and -500 basis points around the MPR.