2024-07-23 | MPD/MPC/INT/MPP/005/073

Central Bank of Nigeria Communique No.153 of the 296th Meeting of Monetary Policy Committee held on Tuesday, 23rd July, 2024

The Monetary Policy Committee of the Central Bank of Nigeria raised the Monetary Policy Rate to 26.75% and adjusted the asymmetric corridor to address rising inflation, which stood at 34.19% in June 2024. The Committee also retained the Cash Reserve Ratio and Liquidity Ratio, expressing optimism that inflation will moderate in the near term. The next meeting is scheduled for September 23-24, 2024.

Nigeria

Central Bank of Nigeria

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