The CBN's MPC also voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR
Tuesday raised its benchmark lending rate to 17.5 per cent to sustain the current policy to further rein in inflation., announced this Tuesday at the end of the Monetary Policy Committee meeting that began Monday.
Addressing journalists at the end of the 2-day meeting of the Monetary Policy Committee meeting in Abuja, Mr Emefiele said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR, Cash Reserve Ratio at 32.5 per cent as well as the Liquidity Ratio at 30 per cent.
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