The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has announced reduction the Monetary Policy Rate (MPR) by 50 basis points, bringing it down from 27.5 percent to 27 percent.
The asymmetric corridor around the MPR was retained at +260 and -250 basis points, providing a framework for liquidity management and signaling the CBN’s cautious approach toward market volatility.
Details later…