cbn statement, 2012-03-20
I voted at the conclusion of today’s meeting to keep the Monetary Policy Rate at 12% pa with a symmetric 2% pa band for the Central Bank’s Standing Deposit and Lending rates, for retention of the Cash Reserve Requirement at 8%, and for continuation of the current +/- 3% band around the CBN’s targeted mid-point exchange rate of N 155.00/USD.
Sentiment: rate_hold
Topic: mp_interest_rate