cbn statement, 2012-01-31
At the outset, the Committee recalled that in a bid to ensure price and financial stability, the Committee, held six (6) regular meetings and one (1) extra-ordinary meeting in 2011 during which it raised the Monetary Policy Rate (MPR) six (6) times, from 6.25 to 12.0 per cent; raised the Cash Reserve Requirement (CRR) three (3) times from 1.0 to 8.0 per cent; and the liquidity ratio (LR) once from 25.0 to 30.0 per cent.
Sentiment: neutral
Topic: mp_interest_rate