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.
click on this linkCentral Bank of Nigeria Communique No. 105 of the Monetary Policy Committee Meeting of Monday and Tuesday, January 25 and 26, 2016 to download the the full communique.
Thank you for listening.
Godwin I. Emefiele
Governor, Central Bank of Nigeria
26th January 2016