Home News MPC leaves monetary policy rate unchanged
MPC leaves monetary policy rate unchanged
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MPC leaves monetary policy rate unchanged

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Nigeria’s monetary policy rate has been left unchanged at 14 percent.
The cash reserve requirement and liquidity ratio were also left steady at 22.5 percent and 30 percent respectively.

The Monetary Policy Committee feels tightening could dampen the positive outlook for growth and financial stability.

It also believes loosening could push consumer prices and pressurize the exchange rate, hence the need to hold rates steady.

The apex bank governor called for urgent passage of the 2018 budget.

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