The Central Bank of Nigeria Monetary Policy Committee has voted unanimously to maintain the benchmark interest rate at 11.5%, whilst keeping all other monetary parameters constant.
The Governor of the CBN, Godwin Emefiele, disclosed this during the MRP meeting while reading the communique of the first monetary policy committee meeting of the year, on 25th January 2022.
Committee’s decision
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MPR retained at 11.50%
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The asymmetric corridor of +100/-700 basis points around the MPR was retained
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CRR retained at 27.5%
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Liquidity Ratio remains at 30%
