Regulatory Alerts2025-02-04 | MPD/DIR/INT/MPC/005/100Personal Statements of MPC Members for November 2024
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to raise the Monetary Policy Rate (MPR) by 25 basis points, bringing it to 27.50 per cent. This decision was made during the MPC's 298th meeting held on November 25th and 26th, 2024, where members reviewed recent economic and financial developments, assessing risks to the outlook. The MPC has also decided to retain the asymmetric corridor around the MPR at +500/-100 basis points, the Cash Reserve Ratio of Deposit Money Banks at 50.00 per cent and Merchant Banks at 16 per cent, and the Liquidity Ratio at 30.00 per cent.