cbn statement, 2023-05-24
In light of inflationary pressures and the need to ensure monetary and price stability, I voted to raise the Monetary Policy Rate (MPR) to 18.5 per cent from 18.0 per cent, retain the Cash Reserve Ratio (CRR) at 32.5 per cent, the Liquidity Ratio (LR) at 30.0 per cent and the Asymmetric Corridor of +100/-700 basis points around the MPR.
Sentiment: rate_hike
Topic: mp_interest_rate