Monetary Policy Committee Decisions in 2023

The Central Bank of Nigeria Monetary Policy Committee  July 2023.

Raise the MPR from 18.5 per cent to 18.75 per cent; Adjust the asymmetric corridor to +100/-300 basis points around the MPR; Retain the CRR at 32.5 per cent; and Retain the Liquidity Ratio at 30 per cent May 23, 2023.

The Committee decided to:

Raise the MPR from 18.0 per cent to 18.5 per cent;

Retain the Asymmetric Corridor of +100/-700 basis points around the MPR; Retain the CRR at 32.5 per cent; and Retain the Liquidity Ratio at 30 per cent. March 2023.

The Committee decided to:

Raise the MPR from 17.5 per cent to 18.0 per cent;

Retain the asymmetric corridor of +100/-700 basis points around the MPR; Retain the CRR at 32.5 per cent; and Retain the Liquidity Ratio at 30 per cent.

January  2023.

The Committee decided  to:

Raise the MPR to from 16.5 per cent to 17.5 per cent;

Retain the asymmetric corridor of +100/-700 basis points around the MPR;

Retain the CRR at 32.5 per cent; and

Retain the Liquidity Ratio at 30 per cent