cbn statement, 2012-05-22
The MPC today unanimously voted to keep Policy unchanged, i.e. to keep the Monetary Policy Rate at 12% pa with a symmetric 2% pa band for the CBN’s Deposit and Lending rates, for continuation of the current +/- 3% band around its targeted mid-point exchange rate of N 155.00/USD, and for retention of the Cash Reserve Requirement at 8%.
Sentiment: rate_hold
Topic: mp_interest_rate