Regulatory Alerts2024-11-26 | CBN/MPC/COM/155/298Central Bank of Nigeria Communique No.155 of the 298th Meeting of Monetary Policy Committee held on Tuesday, 26th November 2024
The Central Bank of Nigeria's Monetary Policy Committee raised the Monetary Policy Rate by 25 basis points to 27.50% to curb rising inflation, which stood at 33.88% in October 2024. The Committee also retained the Cash Reserve Ratio and Liquidity Ratio, citing the resilience of the banking system. The next meeting is scheduled for January 2025, with a continued focus on addressing inflation and stabilizing the economy.