CBN releases interest rates, cash reserve ratio survey, asks Nigerians to participate



The Central Bank of Nigeria on Monday asked Nigerians to share their views about the decisions it made at the end of its recent Monetary Policy committee meeting.

 

CBN made this known in a post on its official X handle on Monday.

 

“The Central Bank of Nigeria recently held its 293rd Monetary Policy Committee meeting. Kindly fill out the survey using the attached link to share your views about the decisions made at the meeting,” the post on X account read.

 

The 293rd MPC meeting is the first since the appointment of Olayemi Cardoso as the Governor of CBN.

 

Five critical decisions were made by the policy organ following the conclusion of its meeting.

 

The MPC decided to increase the country’s interest rate by 400 basis points to 22.75 per cent from 18.75 per cent, raised the Cash Reserve Ratio to 45.0 percent from 32.5 percent and retained the liquidity ratio at 30 per cent, among others.

 

See link below:

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