Breaking: MPC Raises MPR To 27.25%, CRR To 50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday unanimously raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25 per cent from 26.75 per cent in July 2024. The meeting, attended by eleven out of the twelve members. also unanimously raised the Cash Reserve Ratio (CRR) for Deposit Money [...]

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