2024-03-19 | MPD/MPC/INT/MPP/004/110

Central Bank of Nigeria Communique No. 150 of The Monetary Policy Committee Meeting Held on Monday 26th and Tuesday 27th February 2024 and Personal Statements of Members

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria met in February 2024 to address economic challenges, including rising inflation, a depreciating naira, and a rising cost of living. The committee voted to raise the Monetary Policy Rate, Cash Reserve Ratio, and adjust the asymmetric corridor, while retaining the Liquidity Ratio. These measures aim to curb inflation, stabilize the naira, and foster price stability. The committee also acknowledged the need for coordination between monetary and fiscal authorities to effectively address these issues.

Nigeria

Central Bank of Nigeria

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