Breaking: CBN eases MPR by 50 basis points to 26.5%

CBN Governor Olayemi Cardoso announced this on Tuesday after the meeting of the CBN's Monetary Policy Committee. The post Breaking: CBN eases MPR by 50 basis points to 26.5% appeared first on Vanguard News.

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Breaking: CBN eases MPR by 50 basis points to 26.5%

By Emma Ujah

The Central Bank of Nigeria (CBN) has eased the Monetary Policy Rate (MPR) by 50 basis points to 26.5%.

It also retained the standing facilities corridor at +50 to -450 basis points and kept Cash Reserve Requirements unchanged (deposit money banks 45%, merchant banks 16%, and 75% for non‑TSA public sector deposits).

CBN Governor Olayemi Cardoso announced this on Tuesday after the meeting of the CBN’s Monetary Policy Committee.

Details soon…

The post Breaking: CBN eases MPR by 50 basis points to 26.5% appeared first on Vanguard News.

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