Central Bank of Nigeria Communiqué No. 105 of the Monetary Policy Committee Meeting of Monday and Tuesday, January 2 5 and 26, 2016

The Committee’s Decisions
The Committee, in consideration of the headwinds in the domestic economy and the uncertainties in the global environment decided by a unanimous vote to retain
the Monetary Policy Rate (MPR), Cash Reserve Requirement (CRR), Liquidity Ratio (LR) and
the asymmetric corridor of +2/-7
around the MPR. In summary, the MPC voted to retain:
(i) the CRR at 20.0 per cent;
(ii) MPR at 11.0 per cent;
(iii) Liquidity Ratio at 30 per cent;
(iv)The asymmetric corridor at +200 basis points and -700 basis points.
Thank you for listening.
Godwin I. Emefiele
Governor, Central Bank of Nigeria
26th January 2016

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